Greater Los Angeles Market Update | 3-Month Ending February 2016

Page 1

Malibu, CA | web: 1300162

Greater Los Angeles Market Update 3-Month Ending February 2016

Beverly Hills | Brentwood | Los Feliz | Malibu Pacific Palisades | Santa Monica | Sunset Strip | Topanga sothebyshomes.com/losangeles


TABLE OF CONTENTS MARKET AREA

PGS.

MARKET AREA

PGS.

Bel Air - Holmby Hills

4-5

Mid Los Angeles

38-39

Beverly Center - Miracle Mile

6-7

Mid Wilshire 40-41

Beverly Hills

8-9

Mount Washington

42-43

Beverly Hills Post Office 10-11

Pacific Palisades

44-45

Beverlywood 12-13

Palms - Mar Vista

46-47

Brentwood 14-15

Playa Del Rey

48-49

Cheviot Hills - Rancho Park

16-17

Playa Vista 50-51

Culver City

18-19

Santa Monica

52-53

Downtown Los Angeles

20-21

Silverlake - Echo Park

54-55

Eagle Rock

22-23

Sunset Strip - Hlwd Hills

56-57

Hancock Park 24-25

Topanga 58-59

Hollywood 26-27

Venice 60-61

Hollywood Hills East

28-29

West Hollywood

62-63

Los Feliz

30-31

West Los Angeles

64-65

Malibu

32-33

Westchester

66-67

Malibu Beach

34-35

Westwood - Century City

68-69

Marina Del Rey

36-37

To view our listings please visit sothebyshomes.com/losangeles Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.


FEATURED LISTINGS IN LOS ANGELES

BRENTWOOD PARK, CA web: 0343871 | $9,495,000 Gorgeous Cape Cod-style home is gated and has approx. 8,600 sq.ft. of luxurious living. Pacific Palisades Brokerage Robert Radcliffe | 310.255.5454

BRENTWOOD, CA web: 0308592 | $7,499,000 Hampton-style 6-bedroom, 7.5-bath home with pool on prime Lower Mandeville. Sunset Strip Brokerage Sharona Alperin | 310.345.9425

MALIBU, CA web: 0355549 | $5,995,000 Southern Mediterranean architecture with contemporary, clean interior design 6 bedrooms. Brentwood Brokerage Shamon Shamonki | 310.713.4492


BEL AIR - HOLMBY HILLS

SINGLE FAMILY HOME SALES

Bel Air is encompassed by a prestigious and well-known pocket of Los Angeles known as the Golden Triangle, including Bel Air, Beverly Hills and Holmby Hills. Bel Air real estate is tucked along the foothills of a section of the Santa Monica Mountains on the north side and borders UCLA and Sunset Boulevard to the south. Bel Air is approx. 12 miles from Downtown LA, minutes from the 405 freeway and close to the quaint Bel Air Hotel, yet it provides a feeling of serenity and ever sought-after escape from metropolitan life. Homes vary from original ranch style and modest one half stories to mansions with gorgeous views of the canyon and city lights. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE

ALL

< $1M

$1M - $3M

> $3M

$5,698,622

$673,300

$1,984,200

$13,154,750

$1,458.91

$690.80

$661.90

$2,012.01

AVERAGE SOLD PRICE

$4,987,616

$668,000

$1,924,076

$11,202,783

AVERAGE SOLD PRICE PER SQUARE FOOT

$1,713.45

AVERAGE LIST PRICE PER SQUARE FOOT

$1,268.90

$685.36

$625.36

TOTAL SFH SOLD

23

3

12

8

TOTAL SFH FOR SALE AT END OF PERIOD

73

2

23

48

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

9.5

2.0

5.8

18.0

88%

99%

97%

85%

ALL

< $1M

$1M - $3M

> $3M

$3,681,325

$774,500

$1,823,429

$8,024,154

SFH DEC - FEB 2015 AVERAGE LIST PRICE

$1,129.86

$589.87

$656.26

$1,604.31

AVERAGE SOLD PRICE

$3,454,818

$751,667

$1,772,390

$7,420,192

AVERAGE SOLD PRICE PER SQUARE FOOT

$637.96

$1,483.56

AVERAGE LIST PRICE PER SQUARE FOOT

$1,060.00

$572.48

TOTAL SFH SOLD

40

6

21

13

TOTAL SFH FOR SALE AT END OF PERIOD

65

2

19

44

4.9

1.0

2.7

10.2

94%

97%

97%

92%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

55%

-13%

9%

64%

AVERAGE LIST PRICE PER SQUARE FOOT

29%

17%

1%

25%

AVERAGE SOLD PRICE

44%

-11%

9%

51%

AVERAGE SOLD PRICE PER SQUARE FOOT

20%

20%

-2%

15%

TOTAL SFH SOLD

-43%

-50%

-43%

-38%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

TOTAL SFH FOR SALE AT END OF PERIOD

12%

0%

21%

9%

AVERAGE MONTHLY SUPPLY OF INVENTORY

95%

100%

112%

77%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-7%

2%

0%

-8% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

4


BEL AIR - HOLMBY HILLS

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Bel Air - Holmby Hills there were 9 single family home sales in January 2016, down from 15 in January 2015 and a 29% increase from the 7 sales closed last month. The average list price for single family home sales in January 2016 was $5,078,667 compared to $4,742,600 for January 2015, representing a 7% increase. For the three-month period from November to January 2016, the average list price was 44% higher than the same period of the prior year. Average sales price for January 2016 was $4,308,323, compared to that of November through January 2016, which was $5,346,605. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Bel Air - Holmby Hills saw a 40% decrease in average sale price, and a 1% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$624,900

$624,900

$-

$-

$416.60

$416.60

$-

$-

$600,000

$600,000

$-

$-

$400.00

$400.00

$-

$-

TOTAL CONDOS SOLD

1

1

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

3

1

2

-

9.0

3.0

-

-

96%

96%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

$999,000

$575,000

$1,211,000

$-

$421.70

$379.29

$433.20

$-

AVERAGE SOLD PRICE

$997,333

$547,000

$1,222,500

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$420.99

$360.82

$437.31

$-

3

1

2

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

4

4

-

4.0

12.0

-

-

100%

95%

101%

0%

CONDOS FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

-37%

9%

-100%

0%

-1%

10%

-100%

0%

-40%

10%

-100%

0%

-5%

11%

-100%

0%

TOTAL CONDOS SOLD

-67%

0%

-100%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-25%

-75%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

125%

-75%

0%

0%

-4%

1%

-100%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

5


BEVERLY CENTER - MIRACLE MILE

SINGLE FAMILY HOME SALES

The Beverly Center-Miracle Mile area of Los Angeles, known for its original Spanish two-story homes, duplexes and single-family homes, borders the Mid Los Angeles and Fairfax Districts as well as Hancock Park. The many original Spanish two-story homes, duplexes and single-family homes make up one of the city’s most densely populated and commercial sections. The area is home to the world-famous Los Angeles County Museum of Modern Art (LACMA), the La Brea Tar Pits and the Petersen Automotive Museum, which all make up Museum Row. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,658,236

$967,325

$1,622,502

$3,361,667

$744.18

$616.46

$764.63

$749.26

$1,647,007

$949,583

$1,607,398

$3,398,333 $757.43

$739.15

$605.15

$757.46

TOTAL SFH SOLD

36

6

27

3

TOTAL SFH FOR SALE AT END OF PERIOD

46

4

31

11

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.8

2.0

3.4

11.0

99%

98%

99%

101%

ALL

< $1M

$1M - $3M

> $3M

$1,443,671

$873,400

$1,486,954

$3,299,500

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

$641.91

$655.12

$624.54

$846.68

$1,449,873

$867,000

$1,501,248

$3,182,625

$642.38

$650.32

$628.03

$816.69

TOTAL SFH SOLD

29

5

23

1

TOTAL SFH FOR SALE AT END OF PERIOD

37

4

30

3

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.8

2.4

3.9

9.0

100%

99%

101%

96%

ALL

< $1M

$1M - $3M

> $3M

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

15%

11%

9%

2%

AVERAGE LIST PRICE PER SQUARE FOOT

16%

-6%

22%

-12%

AVERAGE SOLD PRICE

14%

10%

7%

7%

AVERAGE SOLD PRICE PER SQUARE FOOT

15%

-7%

21%

-7%

TOTAL SFH SOLD

24%

20%

17%

200%

TOTAL SFH FOR SALE AT END OF PERIOD

24%

0%

3%

267%

AVERAGE MONTHLY SUPPLY OF INVENTORY

0%

-17%

-12%

22%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-1%

-1%

-2%

5% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

6


CONDOMINIUM SALES

BEVERLY CENTER - MIRACLE MILE

FEBRUARY MARKET OVERVIEW In Beverly Center - Miracle Mile there were 11 single family home sales in January 2016, up from 8 in January 2015 and a 8% decrease from the 12 sales closed last month. The average list price for single family home sales in January 2016 was $1,803,723 compared to $1,396,125 for January 2015, representing a 29% increase. For the three-month period from November to January 2016, the average list price was 2% higher than the same period of the prior year. Average sales price for January 2016 was $1,760,545, compared to that of November through January 2016, which was $1,601,770. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Beverly Center Miracle Mile saw a 38% increase in average sale price, and a 28% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$713,186

$676,468

$1,062,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$550.93

$528.35

$711.56

$-

AVERAGE SOLD PRICE

$716,190

$678,684

$1,072,500

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$553.61

$530.42

$718.59

$-

TOTAL CONDOS SOLD

21

19

2

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

17

17

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.4

2.7

-

-

100%

100%

101%

0%

ALL

< $1M

$1M - $3M

> $3M

$722,850

$687,263

$1,399,000

$-

$545.28

$526.07

$780.26

$-

$696,370

$661,968

$1,350,000

$-

$526.07

$507.52

$752.93

$-

20

19

1

-

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

17

16

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.6

2.5

3.0

-

96%

96%

96%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-1%

-2%

-24%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

1%

0%

-9%

0%

AVERAGE SOLD PRICE

3%

3%

-21%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

5%

5%

-5%

0%

TOTAL CONDOS SOLD

5%

0%

100%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

0%

6%

-100%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-5%

6%

-100%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

4%

4%

5%

0%

(Source: MLS/CLAW)

7


BEVERLY HILLS

SINGLE FAMILY HOME SALES Beverly Hill, located within the Golden Triangle, is nestle up against the foothills of the Santa Monica Mountains on the north side. Beverly Hills is bordered by Westwood Village and Century City on the west, West Hollywood and Fairfax District on the east, and Los Angeles City and the 10 freeway on the South. Rodeo Drive between Wilshire Boulevard and Sunset Boulevard include not only the ultimate shopping mecca, but an area of large homes referred to as the Flats,. The blocks were designed by landscape architect William D. Cook, with large lots and wide curving streets lined with palm, eucalyptus and acacia trees and a three-block 80-foot-wide park running along Santa Monica Boulevard. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$7,162,125

$-

$2,387,556

$8,548,290

$1,468.30

$-

$857.33

$1,551.56

$6,759,840

$-

$2,238,833

$8,072,390 $1,464.10

$1,385.70

$-

$810.39

TOTAL SFH SOLD

40

-

9

31

TOTAL SFH FOR SALE AT END OF PERIOD

75

-

10

65

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

5.6

-

3.3

6.3

94%

0%

94%

94%

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$9,324,433

$-

$1,974,400

$12,999,450

$1,915.34

$-

$745.03

$2,174.77

$8,361,243

$-

$1,975,779

$11,553,975

$1,717.49

$-

$745.55

$1,932.94

TOTAL SFH SOLD

30

-

10

20

TOTAL SFH FOR SALE AT END OF PERIOD

58

-

10

48

AVERAGE MONTHLY SUPPLY OF INVENTORY

5.8

-

3.0

7.2

90%

0%

100%

89%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

-23%

0%

21%

-34%

AVERAGE LIST PRICE PER SQUARE FOOT

-23%

0%

15%

-29%

AVERAGE SOLD PRICE

-19%

0%

13%

-30%

AVERAGE SOLD PRICE PER SQUARE FOOT

-19%

0%

9%

-24%

TOTAL SFH SOLD

33%

0%

-10%

55%

TOTAL SFH FOR SALE AT END OF PERIOD

29%

0%

0%

35%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-3%

0%

11%

-13%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

5%

0%

-6%

6%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

8


BEVERLY HILLS

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Beverly Hills there were 13 single family home sales in January 2016, up from 11 in January 2015 and a 13% decrease from the 15 sales closed last month. The average list price for single family home sales in January 2016 was $5,618,769 compared to $6,623,818 for January 2015, representing a 15% decrease. For the three-month period from November to January 2016, the average list price was 17% lower than the same period of the prior year. Average sales price for January 2016 was $5,483,385, compared to that of November through January 2016, which was $6,671,147. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Beverly Hills saw a 36% decrease in average sale price, and a 13% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,349,318

$864,917

$1,712,619

$-

$673.92

$572.47

$718.59

$-

$1,279,613

$850,588

$1,601,381

$$-

$638.64

$563.06

$671.91

TOTAL CONDOS SOLD

28

12

16

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

36

6

24

6

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.9

1.5

4.5

-

95%

98%

94%

0%

ALL

< $1M

$1M - $3M

> $3M

$1,384,222

$677,481

$1,338,571

$3,824,000

$669.81

$504.33

$634.85

$969.82

$1,348,654

$670,500

$1,301,599

$3,712,500

$652.60

$499.13

$617.31

$941.54

22

6

14

2

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

38

14

23

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

5.2

7.0

4.9

1.5

97%

99%

97%

97%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-3%

28%

28%

-100%

AVERAGE LIST PRICE PER SQUARE FOOT

1%

14%

13%

-100% -100%

AVERAGE SOLD PRICE

-5%

27%

23%

AVERAGE SOLD PRICE PER SQUARE FOOT

-2%

13%

9%

-100%

TOTAL CONDOS SOLD

27%

100%

14%

-100%

TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

9

-5%

-57%

4%

500%

-26%

-79%

-9%

-100%

-3%

-1%

-4%

-100%


BEVERLY HILLS POST OFFICE

SINGLE FAMILY HOME SALES

Beverly Hills Post Office is home to grand estates, mansions and large traditional homes as well as some of the most celebrated gated communities in the area, including Mulholland Estates, The Summit, Beverly Ridge Estates and perhaps the most famous, Beverly Park. Lying outside of the City of Beverly Hills limits, Beverly Hills Post Office is part of Los Angeles, but is assigned to use the postal services of Beverly Hills, which started in the early 1960s. Within the area some of the most desired grand estates, mansions and large traditional homes in all of Southern California can be found. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$3,707,622

$959,000

$1,845,459

$5,924,462

$1,020.67

$554.34

$741.08

$1,182.75

$3,620,197

$950,000

$1,805,466

$5,779,923 $1,153.89

$996.60

$549.13

$725.02

TOTAL SFH SOLD

28

1

14

13

TOTAL SFH FOR SALE AT END OF PERIOD

84

2

23

59

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

9.0

6.0

4.9

13.6

98%

99%

98%

98%

ALL

< $1M

$1M - $3M

> $3M

$4,969,889

$735,000

$2,181,357

$8,576,083

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

$1,270.96

$795.45

$700.45

$1,792.79

$4,514,504

$667,000

$2,014,579

$7,751,708

$646.90

$1,655.34 12

$1,173.46

$721.86

TOTAL SFH SOLD

27

1

14

TOTAL SFH FOR SALE AT END OF PERIOD

88

1

36

51

AVERAGE MONTHLY SUPPLY OF INVENTORY

9.8

3.0

7.7

12.8

91%

91%

92%

90%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

-25%

30%

-15%

-31%

AVERAGE LIST PRICE PER SQUARE FOOT

-20%

-30%

6%

-34%

AVERAGE SOLD PRICE

-20%

42%

-10%

-25%

AVERAGE SOLD PRICE PER SQUARE FOOT

-15%

-24%

12%

-30%

4%

0%

0%

8%

TOTAL SFH FOR SALE AT END OF PERIOD

-5%

100%

-36%

16%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-8%

100%

-36%

7%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

7%

9%

6%

8%

TOTAL SFH SOLD

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

10


BEVERLY HILLS POST OFFICE

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Beverly Hills Post Office there were 9 single family home sales in January 2016, up from 5 in January 2015 and a 25% decrease from the 12 sales closed last month. The average list price for single family home sales in January 2016 was $5,484,225 compared to $2,905,000 for January 2015, representing an 89% increase. For the three-month period from November to January 2016, the average list price was 28% lower than the same period of the prior year. Average sales price for January 2016 was $5,383,558, compared to that of November through January 2016, which was $3,574,295. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Beverly Hills Post Office saw a 94% increase in average sale price, and a 97% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$-

$-

$-

> $3M $-

AVERAGE LIST PRICE PER SQUARE FOOT

$-

$-

$-

$-

AVERAGE SOLD PRICE

$-

$-

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

$-

$-

$-

TOTAL CONDOS SOLD

-

-

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-

-

-

-

0%

0%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE

$-

$-

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$-

$-

$-

$-

AVERAGE SOLD PRICE

$-

$-

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

$-

$-

$-

-

-

-

-

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

0%

0%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

0%

0%

0%

0% 0%

AVERAGE SOLD PRICE

0%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

0%

0%

0%

0%

TOTAL CONDOS SOLD

0%

0%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

0%

0%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

0%

0%

0%

(Source: MLS/CLAW)

11


BEVERLYWOOD

SINGLE FAMILY HOME SALES Beverlywood is an upscale neighborhood in Los Angeles strategically placed near the heart of one of the world’s largest cities, and is the ideal home for anyone from couples raising families to retirees. The community is friendly and features tree-lined streets, lush green parks, fancy storefronts, sidewalk delis and cozy cafes for its residents. Almost all of Beverlywood’s inhabitants live in single-family homes built between the 1920s and the 1950s, with the oldest homes in the areas near Beverly Hills. Beverlywood residents enjoy an upscale community of homes constructed from 1920s through the 1950s. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,160,864

$779,363

$1,496,586

$-

$686.43

$601.17

$735.84

$-

$1,145,879

$782,386

$1,465,752

$$-

$678.00

$603.50

$721.17

TOTAL SFH SOLD

47

22

25

-

TOTAL SFH FOR SALE AT END OF PERIOD

34

6

27

1

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2.2

0.8

3.2

-

99%

100%

98%

0%

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$941,835

$772,922

$1,397,900

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$595.15

$558.01

$660.82

$-

AVERAGE SOLD PRICE

$947,153

$781,706

$1,393,860

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$598.51

$564.35

$658.91

$-

TOTAL SFH SOLD

37

27

10

-

TOTAL SFH FOR SALE AT END OF PERIOD

15

4

11

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.2

0.4

3.3

-

101%

101%

100%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

23%

1%

7%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

15%

8%

11%

0%

AVERAGE SOLD PRICE

21%

0%

5%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

13%

7%

9%

0%

TOTAL SFH SOLD

27%

-19%

150%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

127%

50%

145%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

78%

84%

-2%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-2%

-1%

-2%

0% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

12


BEVERLYWOOD

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Beverlywood there were 14 single family home sales in January 2016, down from 15 in January 2015 and a 22% decrease from the 18 sales closed last month. The average list price for single family home sales in January 2016 was $1,231,000 compared to $988,733 for January 2015, representing a 25% increase. For the three-month period from November to January 2016, the average list price was 21% higher than the same period of the prior year. Average sales price for January 2016 was $1,220,835, compared to that of November through January 2016, which was $1,081,994. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Beverlywood saw a 18% increase in average sale price, and a 24% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$708,890

$708,890

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$492.18

$492.18

$-

$-

AVERAGE SOLD PRICE

$714,390

$714,390

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE LIST PRICE

$496.00

$496.00

$-

$-

TOTAL CONDOS SOLD

10

10

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

4

2

2

-

1.2

0.6

-

-

101%

101%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

$680,800

$680,800

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$452.75

$452.75

$-

$-

AVERAGE SOLD PRICE

$674,391

$674,391

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$448.49

$448.49

$-

$-

16

16

-

-

AVERAGE LIST PRICE

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

14

11

3

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.6

2.1

-

-

99%

99%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

4%

4%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

9%

9%

0%

0%

AVERAGE SOLD PRICE

6%

6%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

11%

11%

0%

0%

TOTAL CONDOS SOLD

-38%

-38%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-71%

-82%

-33%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-54%

-71%

0%

0%

2%

2%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

13


BRENTWOOD

SINGLE FAMILY HOME SALES Brentwood is one of the wealthiest areas of Los Angeles, populated by affluent professionals, political figures and celebrities. Known for its Spanish-style homes, condos and traditional homes, Brentwood has prosperous commercial districts along each of its major east-west thoroughfares, Wilshire Boulevard, San Vicente Boulevard and Sunset Boulevard. The Spanish-style and traditional-style homes as well as the condos of Brentwood are located at the base of the Santa Monica Mountains. Brentwood was once part of the Rancho San Vicente y Santa Monica, a Mexican land-grant ranch sold off in pieces by the Sepulveda family after the Mexican-American War. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$4,180,838

$-

$2,225,060

$7,440,467

$1,049.63

$-

$761.36

$1,320.70

$3,986,303

$-

$2,188,056

$6,983,380 $1,245.26

$1,004.61

$-

$748.70

TOTAL SFH SOLD

40

-

25

15

TOTAL SFH FOR SALE AT END OF PERIOD

89

-

30

59

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

6.7

-

3.6

11.8

95%

0%

98%

94%

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$2,805,540

$-

$1,949,677

$4,201,947

$906.18

$-

$750.69

$1,068.80

$2,850,399

$-

$2,006,257

$4,227,684

$773.15

$1,075.34

$920.86

$-

TOTAL SFH SOLD

50

-

31

19

TOTAL SFH FOR SALE AT END OF PERIOD

56

-

22

34

AVERAGE SOLD PRICE PER SQUARE FOOT

3.4

-

2.1

5.4

102%

0%

103%

101%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

49%

0%

14%

77%

AVERAGE LIST PRICE PER SQUARE FOOT

16%

0%

1%

24%

AVERAGE SOLD PRICE

40%

0%

9%

65%

9%

0%

-3%

16%

-20%

0%

-19%

-21%

TOTAL SFH FOR SALE AT END OF PERIOD

59%

0%

36%

74%

AVERAGE MONTHLY SUPPLY OF INVENTORY

99%

0%

69%

120%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-6%

0%

-4%

-7%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

14


BRENTWOOD

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Brentwood there were 12 single family home sales in January 2016, up from 10 in January 2015 and a 14% decrease from the 14 sales closed last month. The average list price for single family home sales in January 2016 was $2,879,000 almost matching $2,883,300 for January 2015. For the three-month period from November to January 2016, the average list price was 68% higher than the same period of the prior year. Average sales price for January 2016 was $2,709,670, compared to that of November through January 2016, which was $4,318,418. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Brentwood saw a 57% decrease in average sale price, and a 9% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$986,902

$700,991

$1,402,773

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$584.70

$570.72

$595.30

$-

AVERAGE SOLD PRICE

$973,887

$695,531

$1,378,768

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

AVERAGE LIST PRICE

$576.99

$566.28

$585.11

TOTAL CONDOS SOLD

54

32

22

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

29

16

12

1

1.6

1.5

1.6

-

99%

99%

98%

0%

ALL

< $1M

$1M - $3M

> $3M

$684,782

$644,792

$1,164,667

$-

$517.81

$511.97

$556.37

$-

AVERAGE SOLD PRICE

$677,818

$641,275

$1,116,333

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$512.54

$509.40

$533.28

$-

39

36

3

-

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

34

24

10

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.6

2.0

10.0

-

99%

99%

96%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

44%

9%

20%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

13%

11%

7%

0%

AVERAGE SOLD PRICE

44%

8%

24%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

13%

11%

10%

0%

TOTAL CONDOS SOLD

38%

-11%

633%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-15%

-33%

20%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-38%

-25%

-84%

0%

0%

0%

3%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

15


CHEVIOT HILLS - RANCHO PARK

SINGLE FAMILY HOME SALES

Cheviot Hills and Rancho Park are both situated within a short drive of Fox Studios and Sony Studios. Cheviot Hills provides excellent views of much of the Los Angeles. Cheviot Hills’ gently rolling hills are reminiscent of the Cheviot Hills area of Scotland, which is how the area got its name. Rancho Park, though a small residential neighborhood in West Los Angeles, is one of the few districts in Los Angeles where fall foliage can be seen. Nestled between Westwood and Cheviot Hills, Rancho Park is mostly filled with single-family homes and tree-lined streets. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,945,369

$899,000

$1,695,136

$6,495,000

$766.42

$654.29

$771.87

$764.84

$1,868,658

$844,200

$1,655,667

$5,875,000 $691.83

$736.20

$614.41

$753.90

TOTAL SFH SOLD

16

1

14

1

TOTAL SFH FOR SALE AT END OF PERIOD

19

1

10

8

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.6

3.0

2.1

24.0

96%

94%

98%

90%

ALL

< $1M

$1M - $3M

> $3M

$1,454,250

$893,417

$1,528,867

$3,700,000

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

$710.18

$701.09

$696.97

$822.22

$1,479,080

$879,417

$1,585,883

$3,475,000

$722.30

$690.10

$722.96

$772.22

TOTAL SFH SOLD

22

6

15

1

TOTAL SFH FOR SALE AT END OF PERIOD

10

1

8

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.4

0.5

1.6

3.0

102%

98%

104%

94%

ALL

< $1M

$1M - $3M

> $3M

34%

1%

11%

76%

8%

-7%

11%

-7%

26%

-4%

4%

69%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD

2%

-11%

4%

-10%

-27%

-83%

-7%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

90%

0%

25%

700%

AVERAGE MONTHLY SUPPLY OF INVENTORY

161%

500%

34%

700%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-6%

-5%

-6%

-4% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

16


CHEVIOT HILLS - RANCHO PARK

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Cheviot Hills - Rancho Park there were 7 single family home sales in January 2016, down from 8 in January 2015 and a 40% increase from the 5 sales closed last month. The average list price for single family home sales in January 2016 was $2,215,143 compared to $1,183,125 for January 2015, representing an 87% increase. For the three-month period from November to January 2016, the average list price was 27% higher than the same period of the prior year. Average sales price for January 2016 was $2,071,576, compared to that of November through January 2016, which was $1,740,446. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Cheviot Hills Rancho Park saw a 34% increase in average sale price, and a 65% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$-

$-

$-

> $3M $-

AVERAGE LIST PRICE PER SQUARE FOOT

$-

$-

$-

$-

AVERAGE SOLD PRICE

$-

$-

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

$-

$-

$-

TOTAL CONDOS SOLD

-

-

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-

-

-

-

0%

0%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE

$-

$-

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$-

$-

$-

$-

AVERAGE SOLD PRICE

$-

$-

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

$-

$-

$-

-

-

-

-

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

0%

0%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

0%

0%

0%

0% 0%

AVERAGE SOLD PRICE

0%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

0%

0%

0%

0%

TOTAL CONDOS SOLD

0%

0%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

0%

0%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

0%

0%

0%

(Source: MLS/CLAW)

17


CULVER CITY

SINGLE FAMILY HOME SALES Charming Culver City, with its condos and traditional and Spanish-style homes, is a town of galleries, shops, cafes and entrepreneurial businesses. Culver City has been a focal point for motion picture studios since the 1920s and more recently for television production, having been home to MGM Studios, the Culver Studios and now Sony Picture Entertainment. Home of the Kirk Douglas Theatre, Helms Bakeries and the Culver Hotel, Culver City’s condos, traditional homes and Spanish-style homes offer a combination of urban living and small town charm. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,068,232

$820,119

$1,372,736

$-

$661.76

$644.84

$674.11

$-

$1,050,235

$814,204

$1,339,909

$-

$650.24

$639.62

$657.99

$-

TOTAL SFH SOLD

49

27

22

-

TOTAL SFH FOR SALE AT END OF PERIOD

20

8

12

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.2

0.9

1.6

-

98%

99%

98%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2015

$911,246

$774,434

$1,194,643

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$577.59

$588.26

$563.85

$-

AVERAGE SOLD PRICE

$912,773

$774,681

$1,198,821

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$578.56

$588.45

$565.82

$-

TOTAL SFH SOLD

43

29

14

-

TOTAL SFH FOR SALE AT END OF PERIOD

19

7

12

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.3

0.7

2.6

-

100%

100%

100%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

17%

6%

15%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

15%

10%

20%

0%

AVERAGE SOLD PRICE

15%

5%

12%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

12%

9%

16%

0%

TOTAL SFH SOLD

14%

-7%

57%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

5%

14%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-8%

23%

-36%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-2%

-1%

-3%

0% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

18


CULVER CITY

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Culver City there were 16 single family home sales in January 2016, up from 11 in January 2015 and a 36% decrease from the 25 sales closed last month. The average list price for single family home sales in January 2016 was $970,756 almost matching $949,091 for January 2015. For the three-month period from November to January 2016, the average list price was 14% higher than the same period of the prior year. Average sales price for January 2016 was $942,563, compared to that of November through January 2016, which was $1,041,565. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Culver City saw a 14% decrease in average sale price, but was flat compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$568,722

$501,002

$1,178,200

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$468.21

$437.11

$643.47

$-

AVERAGE SOLD PRICE

$566,170

$504,100

$1,124,800

$-

AVERAGE LIST PRICE

$466.11

$439.81

$614.31

$-

TOTAL CONDOS SOLD

50

45

5

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

14

14

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

0.8

0.9

-

-

100%

101%

95%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$476,651

$476,651

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$403.89

$403.89

$-

$-

AVERAGE SOLD PRICE

$479,776

$479,776

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$406.54

$406.54

$-

$-

55

55

-

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

17

17

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

0.9

0.9

-

-

101%

101%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

19%

5%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

16%

8%

0%

0%

AVERAGE SOLD PRICE

18%

5%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

15%

8%

0%

0%

TOTAL CONDOS SOLD

-9%

-18%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-18%

-18%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-9%

1%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-1%

0%

0%

0%

(Source: MLS/CLAW)

19


DOWNTOWN LOS ANGELES

SINGLE FAMILY HOME SALES

Downtown Los Angeles offers urban living with its condos and lofts, and its central business district with skyscrapers, multinational corporations, popular art institutions, public art displays, sightseeing opportunities, sports facilities and shopping. Home to world-famous establishments like The Walt Disney Concert Hall, Staples Center, Cathedral of our Lady of the Angels and the University of Southern California, Downtown Los Angeles borders Lincoln Heights and the LA River to the east, Hollywood to the north, the Santa Monica Freeway to the south, and the Harbor Freeway to the west. Perfect for those seeking condos and lofts. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$332,600

$332,600

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$241.46

$241.46

$-

$-

AVERAGE SOLD PRICE

$321,410

$321,410

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE LIST PRICE

$233.16

$233.16

$-

$-

TOTAL SFH SOLD

29

29

-

-

TOTAL SFH FOR SALE AT END OF PERIOD

27

27

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.8

2.8

-

-

97%

97%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$308,090

$308,090

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$229.78

$229.78

$-

$-

AVERAGE SOLD PRICE

$297,838

$297,838

$-

$-

$221.61

$221.61

$-

$-

TOTAL SFH SOLD

20

20

-

-

TOTAL SFH FOR SALE AT END OF PERIOD

20

18

1

1

AVERAGE LIST PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

3.0

2.7

-

-

97%

97%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

8%

8%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

5%

5%

0%

0%

AVERAGE SOLD PRICE

8%

8%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

5%

5%

0%

0%

TOTAL SFH SOLD

45%

45%

0%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

35%

50%

-100%

-100%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-7%

3%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

0%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

20


DOWNTOWN LOS ANGELES

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Downtown L.A. there were 26 condominium sales in January 2016, up from 23 in January 2015 and a 7% decrease from the 28 sales closed last month. The average list price for condo sales in January 2016 was $718,327 compared to $626,913 for January 2015, representing a 15% increase. For the three-month period from November to January 2016, the average list price was 8% higher than the same period of the prior year. Average sales price for January 2016 was $691,425, compared to that of November through January 2016, which was $665,290. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Downtown L.A. saw a 9% increase in average sale price, and a 14% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$675,957

$564,235

$1,513,875

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$629.23

$573.02

$866.93

$-

AVERAGE SOLD PRICE

$657,352

$554,449

$1,429,125

$$-

$611.91

$563.08

$818.40

TOTAL CONDOS SOLD

68

60

8

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

115

84

25

6

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

5.1

4.2

9.4

-

97%

98%

94%

0%

ALL

< $1M

$1M - $3M

> $3M

CONDOS DEC - FEB 2015

$624,994

$531,027

$1,670,375

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$581.57

$531.89

$868.40

$-

AVERAGE SOLD PRICE

$610,156

$521,136

$1,600,500

$-

$567.76

$521.99

$832.08

$-

TOTAL CONDOS SOLD

97

89

8

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

101

87

12

2

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.1

2.9

4.5

-

98%

98%

96%

0%

AVERAGE LIST PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

8%

6%

-9%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

8%

8%

0%

0%

AVERAGE SOLD PRICE

8%

6%

-11%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

8%

8%

-2%

0%

-30%

-33%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

14%

-3%

108%

200%

AVERAGE MONTHLY SUPPLY OF INVENTORY

62%

43%

108%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

0%

-1%

0%

TOTAL CONDOS SOLD

(Source: MLS/CLAW)

21


EAGLE ROCK

SINGLE FAMILY HOME SALES Eagle Rock, a neighborhood of architectural and historic homes, is bordered by Glendale on the north and west, Highland Park to the southeast, Glassell Park to the southwest, and Pasadena and South Pasadena on the east. At certain times of the day on the northern edge of Eagle Rock, an enormous boulder projects a bird-shaped shadow resembling an eagle in flight, giving the city its name. Since the 1920s, artists, writers and filmmakers have moved to the architectural and historic homes of Eagle Rock, with Craftsman, Georgian, Art Deco and Mission Revival styles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$730,729

$699,623

$1,399,500

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$491.83

$492.45

$485.26

$-

AVERAGE SOLD PRICE

$756,814

$726,433

$1,410,000

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE LIST PRICE

$509.39

$511.32

$488.90

$-

TOTAL SFH SOLD

45

43

2

-

TOTAL SFH FOR SALE AT END OF PERIOD

31

26

5

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.1

1.8

7.5

-

104%

104%

101%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2015

$754,222

$633,727

$1,284,400

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$450.95

$434.71

$490.75

$-

AVERAGE SOLD PRICE

$759,220

$638,009

$1,292,546

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$453.94

$437.65

$493.87

$-

TOTAL SFH SOLD

27

22

5

-

TOTAL SFH FOR SALE AT END OF PERIOD

29

27

2

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.2

3.7

1.2

-

101%

101%

101%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

-3%

10%

9%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

9%

13%

-1%

0%

AVERAGE SOLD PRICE

0%

14%

9%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

12%

17%

-1%

0%

TOTAL SFH SOLD

67%

95%

-60%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

7%

-4%

150%

0%

-36%

-51%

525%

0%

3%

3%

0%

0% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

22


EAGLE ROCK

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Eagle Rock there were 13 single family home sales in January 2016, up from 6 in January 2015 and a 35% decrease from the 20 sales closed last month. The average list price for single family home sales in January 2016 was $700,077 almost matching $712,000 for January 2015. For the three-month period from November to January 2016, the average list price was 7% higher than the same period of the prior year. Average sales price for January 2016 was $734,856, compared to that of November through January 2016, which was $734,354. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Eagle Rock saw a 1% increase in average sale price, and a 4% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$395,000

$395,000

$-

$-

$411.46

$411.46

$-

$-

$391,000

$391,000

$-

$-

$407.29

$407.29

$-

$-

TOTAL CONDOS SOLD

1

1

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

1

1

-

-

3.0

3.0

-

-

99%

99%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$189,999

$189,999

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$398.32

$398.32

$-

$-

AVERAGE SOLD PRICE

$186,500

$186,500

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$390.99

$390.99

$-

$-

1

1

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

98%

98%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

TOTAL CONDOS SOLD

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

108%

108%

0%

0%

3%

3%

0%

0%

110%

110%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

4%

4%

0%

0%

AVERAGE SOLD PRICE TOTAL CONDOS SOLD

0%

0%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

0%

0%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

1%

1%

0%

0%

(Source: MLS/CLAW)

23


SINGLE FAMILY HOME SALES

HANCOCK PARK

Hancock Park is a historic neighborhood in Los Angeles, which was developed in the 1920s by the Hancock family with profits earned from oil drilling. The residential community is centrally located in the city and is bound by Wilshire Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for most LA neighborhoods, residences in Hancock Park tend to be set back from the street, most power and telephone lines are buried, and fences are a rarity. It is located near both the Wilshire Country Club and the Los Angeles Tennis Club. Hancock Park continues to be one of the most desirable areas in all of Southern California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,804,420

$843,313

$1,792,246

$4,264,000

$654.33

$439.93

$678.39

$791.54

$1,764,553

$825,960

$1,756,133

$4,150,333

$639.64

$430.88

$664.33

$770.43

TOTAL SFH SOLD

49

15

28

6

TOTAL SFH FOR SALE AT END OF PERIOD

58

9

41

8

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.6

1.8

4.4

4.0

98%

98%

98%

97%

ALL

< $1M

$1M - $3M

> $3M

$1,837,849

$814,418

$1,637,061

$5,140,556

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

$627.66

$423.33

$623.72

$772.00

$1,845,089

$811,666

$1,711,766

$4,863,765

$629.50

$421.90

$652.82

$730.43 9

TOTAL SFH SOLD

71

21

41

TOTAL SFH FOR SALE AT END OF PERIOD

63

20

38

5

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.7

2.9

2.8

1.7

100%

100%

105%

95%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

-2%

4%

9%

-17%

AVERAGE LIST PRICE PER SQUARE FOOT

4%

4%

9%

3%

AVERAGE SOLD PRICE

-4%

2%

3%

-15%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

2%

2%

2%

5%

-31%

-29%

-32%

-33%

TOTAL SFH FOR SALE AT END OF PERIOD

-8%

-55%

8%

60%

AVERAGE MONTHLY SUPPLY OF INVENTORY

33%

-37%

58%

140%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-3%

-2%

-6%

3%

AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

24


CONDOMINIUM SALES

HANCOCK PARK

FEBRUARY MARKET OVERVIEW In Hancock Park - Wilshire there were 18 single family home sales in January 2016, down from 24 in January 2015 and a 13% increase from the 16 sales closed last month. The average list price for single family home sales in January 2016 was $1,825,000 compared to $2,109,329 for January 2015, representing a 13% decrease. For the three-month period from November to January 2016, the average list price was flat compared to the same period of the prior year. Average sales price for January 2016 was $1,772,854, compared to that of November through January 2016, which was $1,926,956. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Hancock Park Wilshire saw a 7% decrease in average sale price, and a 13% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$524,424

$524,424

$-

$-

$435.77

$435.77

$-

$-

$514,002

$514,002

$-

$-

$427.11

$427.11

$-

$-

TOTAL CONDOS SOLD

38

38

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

60

49

11

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

4.7

3.9

-

-

98%

98%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$575,191

$517,779

$1,522,500

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$457.58

$435.32

$641.73

$-

$565,234

$505,703

$1,547,500

$-

$449.66

$425.17

$652.27

$-

35

33

2

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

47

45

2

AVERAGE MONTHLY SUPPLY OF INVENTORY

4.0

4.1

3.0

-

98%

98%

102%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-9%

1%

-100%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

-5%

0%

-100%

0%

AVERAGE SOLD PRICE

-9%

2%

-100%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

-5%

0%

-100%

0%

9%

15%

-100%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

28%

9%

450%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

18%

-5%

-100%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

0%

-100%

0%

TOTAL CONDOS SOLD

(Source: MLS/CLAW)

25


HOLLYWOOD

SINGLE FAMILY HOME SALES Hollywood puts you right in one of the most desirable districts of Los Angeles real estate. Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry and historical significance as the origin of American cinema. Hollywood is consistently the host of major events such as the Academy Awards and is the paramount tourist attraction with Hollywood Boulevard, the Walk of Fame and the Hollywood Bowl. From the red carpet to Hollywood’s 130-acre national park, Runyon Canyon, this vibrant community radiates its authentic prestige. Hollywood homes and estates are some of the most luxurious in all of California. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$956,259

$760,387

$1,609,166

$-

$561.83

$533.85

$612.39

$-

$934,631

$744,045

$1,569,917

$-

$549.12

$522.38

$597.46

$-

TOTAL SFH SOLD

26

20

6

-

TOTAL SFH FOR SALE AT END OF PERIOD

18

12

6

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.1

1.8

3.0

-

98%

98%

98%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

$864,167

$702,843

$1,186,817

$-

$512.28

$448.98

$614.98

$-

$860,722

$674,083

$1,234,000

$-

$510.24

$430.61

$639.43

$-

TOTAL SFH SOLD

18

12

6

-

TOTAL SFH FOR SALE AT END OF PERIOD

22

19

3

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.7

4.8

1.5

-

100%

96%

104%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

11%

8%

36%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

10%

19%

0%

0%

AVERAGE SOLD PRICE

9%

10%

27%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

8%

21%

-7%

0%

44%

67%

0%

0%

TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD

-18%

-37%

100%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-43%

-62%

100%

0%

-2%

2%

-6%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

26


HOLLYWOOD

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Hollywood there were 5 single family home sales in January 2016, down from 6 in January 2015 and a 38% decrease from the 8 sales closed last month. The average list price for single family home sales in January 2016 was $1,266,799 compared to $1,065,150 for January 2015, representing a 19% increase. For the three-month period from November to January 2016, the average list price was 18% higher than the same period of the prior year. Average sales price for January 2016 was $1,212,700, compared to that of November through January 2016, which was $1,018,239. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Hollywood saw a 46% increase in average sale price, and a 10% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$637,094

$613,640

$1,200,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$526.65

$532.00

$468.75

$-

AVERAGE SOLD PRICE

$622,727

$600,757

$1,150,000

$-

$514.77

$520.83

$449.22

$-

TOTAL CONDOS SOLD

25

24

1

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

25

23

2

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.0

2.9

6.0

-

98%

98%

96%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

$765,000

$589,000

$1,425,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$559.28

$493.96

$769.58

$-

AVERAGE SOLD PRICE

$749,829

$571,783

$1,417,500

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$546.98

$479.52

$764.18

$-

19

15

4

-

AVERAGE LIST PRICE

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

20

13

7

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.2

2.6

5.3

-

98%

97%

99%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-17%

4%

-16%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

-6%

8%

-39%

0%

AVERAGE SOLD PRICE

-17%

5%

-19%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

-6%

9%

-41%

0%

TOTAL CONDOS SOLD

32%

60%

-75%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

25%

77%

-71%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-5%

11%

14%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

1%

-4%

0%

(Source: MLS/CLAW)

27


HOLLYWOOD HILLS EAST

SINGLE FAMILY HOME SALES

Hollywood Hills real estate means breathtaking homes in a sought-after neighborhood of Los Angeles. It is located overlooking the city in the southeastern Santa Monica Mountains. High above the city, the views of Downtown Los Angeles and the Pacific, and the calm and serenity that can be found there make the Hills a draw for many celebrities and non-celebrities alike. A number of Hollywood Hills homes can be found on the Bird Streets above the Sunset Strip, Laurel Canyon and Beachwood Canyon. Mulholland Drive, famed on its own, can be found along the top of the Hills. Homes here can range from Mid-Century masterpieces to stunning modern Architectural to traditional hillside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,505,363

$893,414

$1,527,590

$5,299,995

$608.36

$631.53

$591.77

$718.45

$1,466,004

$893,571

$1,496,529

$4,801,500

$591.35

$630.48

$579.73

$650.87

TOTAL SFH SOLD

30

7

22

1

TOTAL SFH FOR SALE AT END OF PERIOD

36

8

27

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.6

3.4

3.7

3.0

97%

100%

98%

91%

ALL

< $1M

$1M - $3M

> $3M

$1,423,077

$842,300

$1,658,800

$3,695,000

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

$586.46

$539.24

$579.92

$809.60

$1,418,658

$833,400

$1,651,740

$3,775,000

$577.45

$827.13

$584.64

$533.55

TOTAL SFH SOLD

26

10

15

1

TOTAL SFH FOR SALE AT END OF PERIOD

32

5

25

2

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.7

1.5

5.0

6.0

100%

99%

100%

102%

ALL

< $1M

$1M - $3M

> $3M

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

6%

6%

-8%

43%

AVERAGE LIST PRICE PER SQUARE FOOT

4%

17%

2%

-11%

AVERAGE SOLD PRICE

3%

7%

-9%

27%

AVERAGE SOLD PRICE PER SQUARE FOOT

1%

18%

0%

-21%

TOTAL SFH SOLD

15%

-30%

47%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

13%

60%

8%

-50%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-3%

129%

-26%

-50%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-2%

1%

-2%

-11% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

28


HOLLYWOOD HILLS EAST

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Hollywood Hills East there were 12 single family home sales in January 2016, up from 8 in January 2015 and a 20% increase from the 10 sales closed last month. The average list price for single family home sales in January 2016 was $1,645,908 compared to $1,162,563 for January 2015, representing a 42% increase. For the three-month period from November to January 2016, the average list price was 6% higher than the same period of the prior year. Average sales price for January 2016 was $1,583,166, compared to that of November through January 2016, which was $1,406,261. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Hollywood Hills East saw a 10% increase in average sale price, and a 35% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$459,890

$459,890

$-

$-

$416.76

$416.76

$-

$-

AVERAGE SOLD PRICE

$467,220

$467,220

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

$423.40

$423.40

$-

$-

TOTAL CONDOS SOLD

10

10

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

2

2

-

-

0.6

0.6

-

-

102%

102%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$447,373

$447,373

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$395.93

$395.93

$-

$-

AVERAGE SOLD PRICE

$437,038

$437,038

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$386.79

$386.79

$-

$-

13

13

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

9

8

1

2.1

1.8

-

-

98%

98%

0%

0%

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

3%

3%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

5%

5%

0%

0%

AVERAGE SOLD PRICE

7%

7%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

9%

9%

0%

0%

TOTAL CONDOS SOLD

-23%

-23%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-78%

-75%

-100%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-71%

-68%

0%

0%

4%

4%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

29


LOS FELIZ

SINGLE FAMILY HOME SALES Richly immersed with history dating back to the nineteenth century, Los Feliz is located just south of the Santa Monica Mountains and is adjacent to Hollywood. The area features the Griffith Observatory, the Greek Theatre, and the Los Angeles Zoo. Los Feliz homes offer a welcoming and cohesive community recognized for its chic sophistication. Historic and noted homes can be found throughout Los Feliz, which has an enclave of celebrity residents. Los Feliz is known for its grand Spanish estates, charming California bungalows and many original craftsman homes. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,779,363

$801,077

$1,710,654

$5,560,000

$634.91

$540.62

$647.17

$663.66

$1,750,600

$799,954

$1,702,197

$5,263,729 $617.91

$624.61

$539.86

$643.97

TOTAL SFH SOLD

52

13

35

4

TOTAL SFH FOR SALE AT END OF PERIOD

36

4

23

9

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2.1

0.9

2.0

6.8

98%

100%

100%

95%

ALL

< $1M

$1M - $3M

> $3M

$1,604,773

$720,993

$1,740,597

$3,414,000

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

$639.35

$566.82

$601.46

$881.53

$1,587,329

$728,733

$1,716,542

$3,362,000

$592.63

$868.11 5

$632.07

$572.90

TOTAL SFH SOLD

51

15

31

TOTAL SFH FOR SALE AT END OF PERIOD

31

8

18

5

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.8

1.6

1.7

3.0

99%

101%

99%

98%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

11%

11%

-2%

63%

AVERAGE LIST PRICE PER SQUARE FOOT

-1%

-5%

8%

-25%

AVERAGE SOLD PRICE

10%

10%

-1%

57%

AVERAGE SOLD PRICE PER SQUARE FOOT

-1%

-6%

9%

-29%

TOTAL SFH SOLD

2%

-13%

13%

-20%

TOTAL SFH FOR SALE AT END OF PERIOD

16%

-50%

28%

80%

AVERAGE MONTHLY SUPPLY OF INVENTORY

14%

-42%

13%

125%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-1%

-1%

1%

-4% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

30


LOS FELIZ

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Los Feliz there were 15 single family home sales in January 2016, down from 16 in January 2015 and a 21% decrease from the 19 sales closed last month. The average list price for single family home sales in January 2016 was $1,341,067 compared to $1,790,125 for January 2015, representing a 25% decrease. For the three-month period from November to January 2016, the average list price was 1% lower than the same period of the prior year. Average sales price for January 2016 was $1,326,800, compared to that of November through January 2016, which was $1,544,244. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Los Feliz saw a 15% decrease in average sale price, and a 24% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$582,700

$582,700

$-

$-

$491.11

$491.11

$-

$-

$584,540

$584,540

$-

$-

$492.66

$492.66

$-

$-

TOTAL CONDOS SOLD

10

10

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

3

3

-

-

0.9

0.9

-

-

100%

100%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

$440,000

$440,000

$-

$-

$536.31

$536.31

$-

$-

AVERAGE SOLD PRICE

$437,500

$437,500

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$533.26

$533.26

$-

$-

7

7

-

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

4

4

-

1.7

1.7

-

-

99%

99%

0%

0%

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

32%

32%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

-8%

-8%

0%

0%

AVERAGE SOLD PRICE

34%

34%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

-8%

-8%

0%

0%

TOTAL CONDOS SOLD

43%

43%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-25%

-25%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-48%

-48%

0%

0%

1%

1%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

31


MALIBU

SINGLE FAMILY HOME SALES Few names can evoke visions of beach living and casual elegance as readily as Malibu, California. Embracing nearly 27 miles of gorgeous California coastline, Malibu has long been home to some of the most influential people in the world. The terrain varies widely, and some of Malibu’s famous beaches and surf spots include Surfrider Beach, Zuma Beach and Le Carrillo Beach. Ocean-side dining, boutique shops and gorgeous beaches combine to create the unique lifestyle that exemplifies living in a Malibu home. Sotheby’s International Realty, Inc provides some breathtaking Malibu properties with oceanfront and spectacular beach views. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

ALL

< $1M

$1M - $3M

> $3M

$3,578,854

$863,500

$2,051,040

$6,695,000

$1,037.82

$391.97

$721.40

$1,351.71

$3,352,820

$805,000

$1,937,424

$6,244,286

$973.02

$365.41

$684.19

$1,260.71

41

2

25

14

135

1

48

86

9.9

1.5

5.8

18.4

94%

93%

94%

93%

ALL

< $1M

$1M - $3M

> $3M

$2,880,475

$942,600

$2,148,957

$5,090,000

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

$882.60

$675.63

$708.33

$1,122.60

$2,645,173

$861,300

$1,965,757

$4,690,667 $1,036.84

$815.01

$638.56

$652.64

TOTAL SFH SOLD

40

5

23

12

TOTAL SFH FOR SALE AT END OF PERIOD

121

-

52

69

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

9.1

-

6.8

17.3

92%

91%

91%

92%

ALL

< $1M

$1M - $3M

> $3M

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

24%

-8%

-5%

32%

AVERAGE LIST PRICE PER SQUARE FOOT

18%

-42%

2%

20%

AVERAGE SOLD PRICE

27%

-7%

-1%

33%

AVERAGE SOLD PRICE PER SQUARE FOOT

19%

-43%

5%

22%

TOTAL SFH SOLD

3%

-60%

9%

17%

TOTAL SFH FOR SALE AT END OF PERIOD

12%

0%

-8%

25%

AVERAGE MONTHLY SUPPLY OF INVENTORY

9%

0%

-15%

7%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2%

2%

3%

1% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

32


MALIBU

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Malibu there were 10 single family home sales in January 2016, down from 12 in January 2015 and a 47% decrease from the 19 sales closed last month. The average list price for single family home sales in January 2016 was $2,835,900 almost matching $2,744,417 for January 2015. For the three-month period from November to January 2016, the average list price was 45% higher than the same period of the prior year. Average sales price for January 2016 was $2,713,400, compared to that of November through January 2016, which was $3,628,443. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Malibu saw a 36% decrease in average sale price, but a 8% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$940,000

$838,750

$1,345,000

$-

$705.71

$733.17

$645.39

$-

$928,000

$820,000

$1,360,000

$$-

$696.70

$716.78

$652.59

TOTAL CONDOS SOLD

5

4

1

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

16

4

9

3

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

9.6

3.0

27.0

-

99%

98%

101%

0%

ALL

< $1M

$1M - $3M

> $3M

$1,095,750

$669,000

$1,522,500

$-

$620.21

$412.58

$796.29

$-

$1,088,750

$652,500

$1,525,000

$-

$616.24

$402.41

$797.59

$-

4

2

2

1

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD

21

13

7

AVERAGE MONTHLY SUPPLY OF INVENTORY

15.8

19.5

10.5

-

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

99%

98%

100%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-14%

25%

-12%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

14%

78%

-19%

0%

AVERAGE SOLD PRICE

-15%

26%

-11%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

13%

78%

-18%

0%

TOTAL CONDOS SOLD

25%

100%

-50%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-24%

-69%

29%

200%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-39%

-85%

157%

0%

-1%

0%

1%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

33


SINGLE FAMILY HOME SALES

MALIBU BEACH

Where the majestic Pacific meets golden sands, Malibu Beach is conveniently located within short drives of Santa Monica, Beverly Hills and Los Angeles International Airport. The area’s beachfront properties, vineyards and ranches are the destination for some of the most influential people, seeking a unique supply of Malibu Beach real estate. Malibu Beach offers the best of the best, from luxurious beachfront properties on the sand to extraordinary estates, mansions, vineyards, and ranches on the bluffs overlooking the Pacific Ocean and lining the hillsides with views of the Channel Islands offshore. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$9,053,545

$-

$2,925,000

$10,415,444

AVERAGE LIST PRICE PER SQUARE FOOT

$3,034.40

$-

$1,903.68

$3,157.34

AVERAGE SOLD PRICE

$7,995,918

$-

$2,902,550

$9,127,778 $2,756.16

AVERAGE LIST PRICE

$2,671.13

$-

$1,889.07

TOTAL SFH SOLD

11

-

2

9

TOTAL SFH FOR SALE AT END OF PERIOD

56

-

7

49

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY

15.3

-

10.5

16.3

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

88%

0%

99%

88%

SFH DEC - FEB 2015 AVERAGE LIST PRICE

ALL

< $1M

$1M - $3M

> $3M

$4,696,857

$-

$2,302,500

$5,654,600

$2,176.84

$-

$1,739.97

$2,221.32

AVERAGE SOLD PRICE

$4,393,571

$-

$2,102,500

$5,310,000

AVERAGE SOLD PRICE PER SQUARE FOOT

$2,085.95

AVERAGE LIST PRICE PER SQUARE FOOT

$2,039.72

$-

$1,585.65

TOTAL SFH SOLD

7

-

2

5

TOTAL SFH FOR SALE AT END OF PERIOD

51

-

7

44

AVERAGE MONTHLY SUPPLY OF INVENTORY

21.9

-

10.5

26.4

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

94%

0%

91%

94%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

93%

0%

27%

84%

AVERAGE LIST PRICE PER SQUARE FOOT

39%

0%

9%

42%

AVERAGE SOLD PRICE

82%

0%

38%

72%

AVERAGE SOLD PRICE PER SQUARE FOOT

31%

0%

19%

32%

TOTAL SFH SOLD

80%

SFH FEB/FEB COMPARISON

57%

0%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

10%

0%

0%

11%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-30%

0%

0%

-38%

-6%

0%

9%

-7%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

34


CONDOMINIUM SALES

MALIBU BEACH

FEBRUARY MARKET OVERVIEW In Malibu Beach there were 4 single family home sales in January 2016, up from 2 in January 2015 and a similar performance from the 4 sales closed last month. The average list price for single family home sales in January 2016 was $11,686,250 compared to $4,962,500 for January 2015, representing a 135% increase. For the three-month period from November to January 2016, the average list price was 72% higher than the same period of the prior year. Average sales price for January 2016 was $10,437,500, compared to that of November through January 2016, which was $9,514,310. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Malibu Beach saw a 74% increase in average sale price, and a 121% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$1,472,500

$950,000

$1,995,000

$-

$1,126.63

$909.96

$1,270.70

$-

AVERAGE SOLD PRICE

$1,415,000

$930,000

$1,900,000

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

$1,082.63

$890.80

$1,210.19

TOTAL CONDOS SOLD

2

1

1

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

11

4

5

2

AVERAGE MONTHLY SUPPLY OF INVENTORY

16.5

12.0

15.0

-

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

96%

98%

95%

0%

ALL

< $1M

$1M - $3M

> $3M

$1,150,500

$659,000

$1,314,333

$-

$1,205.97

$662.31

$1,397.73

$-

$1,080,000

$640,000

$1,226,667

$-

$1,132.08

$643.22

$1,304.50

$-

4

1

3

-

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

10

5

5

AVERAGE MONTHLY SUPPLY OF INVENTORY

7.5

15.0

5.0

-

94%

97%

93%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

28%

44%

52%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

-7%

37%

-9%

0%

AVERAGE SOLD PRICE

31%

45%

55%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

-4%

38%

-7%

0%

TOTAL CONDOS SOLD

-50%

0%

-67%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

10%

-20%

0%

0%

120%

-20%

200%

0%

2%

1%

2%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

35


MARINA DEL REY

SINGLE FAMILY HOME SALES With its blue waters and gleaming boats, sitting in the world’s largest manmade smallcraft harbor, Marina del Rey is an oasis of leisure and elegance in sunny Southern California. Offering relaxing and beautiful views of the Pacific, Marina del Rey is home to both estates and beach condominiums, and has access to boating, sailing, fishing and a variety of water sports. Marina Del Rey is conveniently located five miles from Los Angeles International Airport and just minutes from the San Diego and Marina freeways. Adjacent to Venice Beach and Santa Monica, Marina Del Rey is also close to major shopping malls, movie theaters, Hollywood, Beverly Hills and Downtown Los Angeles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,351,091

$788,600

$1,819,833

$-

$780.81

$782.34

$780.26

$-

$1,330,545

$776,800

$1,792,000

$$-

$768.94

$770.63

$768.33

TOTAL SFH SOLD

11

5

6

-

TOTAL SFH FOR SALE AT END OF PERIOD

14

3

4

7

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.8

1.8

2.0

-

98%

99%

98%

0%

ALL

< $1M

$1M - $3M

> $3M

$2,321,790

$779,000

$2,318,613

$3,890,000

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

$669.34

$695.54

$631.60

$926.19

$2,228,066

$690,000

$2,236,332

$3,700,000

$642.32

$616.07

$609.19

$880.95 1

TOTAL SFH SOLD

10

1

8

TOTAL SFH FOR SALE AT END OF PERIOD

5

2

2

1

1.5

6.0

0.8

3.0

96%

89%

96%

95%

ALL

< $1M

$1M - $3M

> $3M

-42%

1%

-22%

-100%

17%

12%

24%

-100%

AVERAGE SOLD PRICE

-40%

13%

-20%

-100%

AVERAGE SOLD PRICE PER SQUARE FOOT

20%

25%

26%

-100%

TOTAL SFH SOLD

10%

400%

-25%

-100%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

TOTAL SFH FOR SALE AT END OF PERIOD

180%

50%

100%

600%

AVERAGE MONTHLY SUPPLY OF INVENTORY

155%

-70%

167%

-100%

3%

11%

2%

-100%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

36


MARINA DEL REY

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Marina Del Rey there were 13 condominium sales in January 2016, down from 15 in January 2015 and a 58% decrease from the 31 sales closed last month. The average list price for condo sales in January 2016 was $1,020,197 compared to $953,733 for January 2015, representing a 7% increase. For the three-month period from November to January 2016, the average list price was 14% higher than the same period of the prior year. Average sales price for January 2016 was $1,003,308, compared to that of November through January 2016, which was $948,592. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Marina Del Rey saw a 12% increase in average sale price, and a 8% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$924,280

$758,280

$1,366,944

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$603.43

$536.05

$724.40

$-

AVERAGE SOLD PRICE

$909,819

$752,730

$1,328,722

$$-

AVERAGE LIST PRICE

$594.17

$532.90

$704.15

TOTAL CONDOS SOLD

66

48

18

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

55

30

23

2

AVERAGE SOLD PRICE PER SQUARE FOOT

2.5

1.9

3.8

-

98%

99%

97%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$921,274

$749,973

$1,553,769

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$578.72

$508.63

$764.82

$-

$906,098

$743,521

$1,506,385

$-

$569.20

$504.31

$741.50

$-

61

48

13

1

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

70

41

28

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.4

2.6

6.5

-

98%

99%

97%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

0%

1%

-12%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

4%

5%

-5%

0%

AVERAGE SOLD PRICE

0%

1%

-12%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

4%

6%

-5%

0%

8%

0%

38%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-21%

-27%

-18%

100%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-27%

-27%

-41%

0%

0%

0%

0%

0%

TOTAL CONDOS SOLD

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

37


MID LOS ANGELES

SINGLE FAMILY HOME SALES Mid Los Angeles is a district in Los Angeles, California, known for its Spanish-style and traditional residences, as well as duplex properties. 2.5 miles south of Hollywood and 3.5 miles west of downtown Los Angeles, Mid Los Angeles contains Brookside, Crestview, Fremont Place, Lafayette Square, Little Ethiopia, Picfair Village and Victoria Park. Mid Los Angeles is a great neighborhood, centrally located, great commercial and recreational opportunities and close to all. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$610,779

$534,403

$1,263,455

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$377.65

$361.19

$450.74

$-

AVERAGE SOLD PRICE

$610,271

$540,611

$1,205,545

$-

AVERAGE LIST PRICE

$377.51

$365.66

$430.08

$-

TOTAL SFH SOLD

105

94

11

-

TOTAL SFH FOR SALE AT END OF PERIOD

82

72

10

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.3

2.3

2.7

-

100%

101%

95%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$499,304

$491,261

$1,199,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$308.98

$307.16

$391.32

$-

AVERAGE SOLD PRICE

$492,283

$484,148

$1,200,000

$-

$304.63

$302.72

$391.64

$-

TOTAL SFH SOLD

88

87

1

-

TOTAL SFH FOR SALE AT END OF PERIOD

79

76

3

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.7

2.6

9.0

-

99%

99%

100%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

22%

9%

5%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

22%

18%

15%

0%

AVERAGE SOLD PRICE

24%

12%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

24%

21%

10%

0%

TOTAL SFH SOLD

19%

8%

1000%

0%

TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

4%

-5%

233%

0%

-13%

-12%

-70%

0%

1%

3%

-5%

0% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

38


MID LOS ANGELES

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Mid Los Angeles there were 38 single family home sales in January 2016, up from 26 in January 2015 and a 3% decrease from the 39 sales closed last month. The average list price for single family home sales in January 2016 was $587,883 compared to $492,654 for January 2015, representing a 19% increase. For the three-month period from November to January 2016, the average list price was 23% higher than the same period of the prior year. Average sales price for January 2016 was $588,552, compared to that of November through January 2016, which was $582,171. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Mid Los Angeles saw a 2% decrease in average sale price, but a 20% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$434,750

$434,750

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$369.69

$369.69

$-

$-

AVERAGE SOLD PRICE

$434,375

$434,375

$-

$-

AVERAGE LIST PRICE

$369.37

$369.37

$-

$-

TOTAL CONDOS SOLD

4

4

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

2

1

1

-

1.5

0.8

-

-

100%

100%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$367,000

$367,000

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$302.93

$302.93

$-

$-

$360,000

$360,000

$-

$-

$297.15

$297.15

$-

$-

2

2

-

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2

2

-

3.0

3.0

-

-

98%

98%

0%

0%

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

18%

18%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

22%

22%

0%

0%

AVERAGE SOLD PRICE

21%

21%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

24%

24%

0%

0%

100%

100%

0%

0%

0%

-50%

0%

0%

-50%

-75%

0%

0%

2%

2%

0%

0%

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

39


MID WILSHIRE

SINGLE FAMILY HOME SALES Mid Wilshire, also known as Midtown, contains neighborhoods like Hancock Park, Windsor Square, Carthay Circle and Lafayette Square. Mid Wilshire offers some of Los Angeles’s most magnificent residential architecture, primarily in traditional city neighborhood settings. Mid Wilshire contains Little Ethiopia, Miracle Mile, Park La Brea, Park Mile and Wilshire Vista, all known for the area’s stunning residential architecture. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$785,992

$693,690

$1,247,500

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$349.94

$332.34

$410.36

$-

AVERAGE SOLD PRICE

$768,667

$679,900

$1,212,500

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$342.23

$325.73

$398.85

$-

TOTAL SFH SOLD

12

10

2

-

TOTAL SFH FOR SALE AT END OF PERIOD

12

8

4

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.0

2.4

6.0

-

98%

98%

97%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2015

$612,200

$612,200

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$339.08

$339.08

$-

$-

AVERAGE SOLD PRICE

$603,133

$603,133

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$334.06

$334.06

$-

$-

TOTAL SFH SOLD

15

15

-

-

TOTAL SFH FOR SALE AT END OF PERIOD

18

13

5

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.6

2.6

-

-

99%

99%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

28%

13%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

3%

-2%

0%

0%

AVERAGE SOLD PRICE

27%

13%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

2%

-2%

0%

0%

TOTAL SFH SOLD

-20%

-33%

0%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

-33%

-38%

-20%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-17%

-8%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-1%

-1%

0%

0%

AVERAGE LIST PRICE

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

40


MID WILSHIRE

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Mid Wilshire there were 8 condominium sales in January 2016, down from 13 in January 2015 and a similar performance from the 8 sales closed last month. The average list price for condo sales in January 2016 was $490,125 almost matching $505,592 for January 2015. For the three-month period from November to January 2016, the average list price was 6% higher than the same period of the prior year. Average sales price for January 2016 was $488,250, compared to that of November through January 2016, which was $535,403. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Mid Wilshire saw a 19% decrease in average sale price, but was flat compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$586,261

$550,636

$1,370,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$441.97

$420.35

$810.65

$-

AVERAGE SOLD PRICE

$572,012

$539,831

$1,280,000

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE LIST PRICE

$431.23

$412.10

$757.40

$-

TOTAL CONDOS SOLD

23

22

1

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

39

36

3

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

5.1

4.9

9.0

-

98%

98%

93%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$450,748

$450,748

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$404.25

$404.25

$-

$-

$438,805

$438,805

$-

$-

$393.54

$393.54

$-

$-

41

41

-

-

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

31

30

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.3

2.2

-

-

97%

97%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

30%

22%

0%

0%

9%

4%

0%

0%

AVERAGE SOLD PRICE

30%

23%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

10%

5%

0%

0%

TOTAL CONDOS SOLD

-44%

-46%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

26%

20%

200%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

124%

124%

0%

0%

0%

1%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

41


MOUNT WASHINGTON

SINGLE FAMILY HOME SALES

Founded in 1909, Mount Washington is located on the eastside of Los Angeles neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights and its close proximity to both Pasadena and Downtown Los Angeles have made it popular for homebuyers. It is known for the many 1950s and 1960s modernist homes that can be found here. Recently the area has become a more affordable alternative to the more pricey Westside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$772,435

$751,333

$994,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$455.73

$460.32

$422.26

$-

AVERAGE SOLD PRICE

$799,891

$776,548

$1,045,000

$-

$471.92

$475.77

$443.93

$-

TOTAL SFH SOLD

23

21

2

-

TOTAL SFH FOR SALE AT END OF PERIOD

22

15

7

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.9

2.1

10.5

-

104%

103%

105%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2015

$627,210

$592,914

$1,124,500

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$478.07

$479.72

$465.82

$-

$639,623

$592,666

$1,320,500

$-

$487.53

$479.52

$547.02

$-

TOTAL SFH SOLD

31

29

2

-

TOTAL SFH FOR SALE AT END OF PERIOD

12

11

1

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.2

1.1

1.5

-

102%

100%

117%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

23%

27%

-12%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

-5%

-4%

-9%

0%

AVERAGE SOLD PRICE

25%

31%

-21%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

-3%

-1%

-19%

0%

-26%

-28%

0%

0%

AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD

83%

36%

600%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

147%

88%

600%

0%

2%

3%

-10%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

42


MOUNT WASHINGTON

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Mount Washington there were 5 single family home sales in January 2016, down from 6 in January 2015 and a 64% decrease from the 14 sales closed last month. The average list price for single family home sales in January 2016 was $700,400 compared to $622,250 for January 2015, representing a 13% increase. For the three-month period from November to January 2016, the average list price was 27% higher than the same period of the prior year. Average sales price for January 2016 was $686,800, compared to that of November through January 2016, which was $786,267. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Mount Washington saw a 19% decrease in average sale price, but a 10% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$-

$-

$-

> $3M $-

AVERAGE LIST PRICE PER SQUARE FOOT

$-

$-

$-

$-

AVERAGE SOLD PRICE

$-

$-

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

$-

$-

$-

TOTAL CONDOS SOLD

-

-

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-

-

-

-

0%

0%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE

$-

$-

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$-

$-

$-

$-

AVERAGE SOLD PRICE

$-

$-

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

$-

$-

$-

-

-

-

-

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

0%

0%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

0%

0%

0%

0% 0%

AVERAGE SOLD PRICE

0%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

0%

0%

0%

0%

TOTAL CONDOS SOLD

0%

0%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

0%

0%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

0%

0%

0%

(Source: MLS/CLAW)

43


PACIFIC PALISADES

SINGLE FAMILY HOME SALES Among Los Angeles’ most desired neighborhoods, Pacific Palisades sits against a stunning backdrop with views of the Santa Monica mountains, the Pacific Coast, and several canyons that run between them. Pacific Palisades is home to the wellknown J. Paul Getty Villa museum and beautiful parks offering sporting activities and breathtaking views including Topanga Canyon State Park, Will Rogers State Historic Park and Polo Club, and Rustin Canyon Park, as well as community events such as the annual parade and fireworks display. Pacific Palisades offers sophisticated traditional estates, dramatic architectural residences, custom-built properties and inviting homes close to Palisades Village. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$3,384,875

$-

$2,179,179

$4,590,571

$1,030.04

$-

$996.36

$1,050.62

$3,335,376

$-

$2,147,509

$4,523,243

$1,015.53

$-

$981.88

$1,036.09

TOTAL SFH SOLD

56

-

28

28

TOTAL SFH FOR SALE AT END OF PERIOD

77

-

32

45

AVERAGE MONTHLY SUPPLY OF INVENTORY

4.1

-

3.4

4.8

99%

0%

99%

99%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

$2,803,830

$-

$2,053,167

$4,128,529

$912.88

$-

$833.59

$986.31

$2,730,057

$-

$1,989,275

$4,037,321

$890.67

$-

$810.94

$964.52

TOTAL SFH SOLD

47

-

30

17

TOTAL SFH FOR SALE AT END OF PERIOD

71

1

26

44

4.5

-

2.6

7.8

97%

0%

97%

98%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

21%

0%

6%

11%

AVERAGE LIST PRICE PER SQUARE FOOT

13%

0%

20%

7%

AVERAGE SOLD PRICE

22%

0%

8%

12%

AVERAGE SOLD PRICE PER SQUARE FOOT

14%

0%

21%

7%

TOTAL SFH SOLD

19%

0%

-7%

65%

TOTAL SFH FOR SALE AT END OF PERIOD

8%

-100%

23%

2%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-9%

0%

32%

-38%

1%

0%

2%

1%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

44


PACIFIC PALISADES

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Pacific Palisades there were 16 single family home sales in January 2016, up from 14 in January 2015 and a 30% decrease from the 23 sales closed last month. The average list price for single family home sales in January 2016 was $3,474,000 compared to $2,453,357 for January 2015, representing a 42% increase. For the three-month period from November to January 2016, the average list price was 10% higher than the same period of the prior year. Average sales price for January 2016 was $3,410,532, compared to that of November through January 2016, which was $3,191,708. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Pacific Palisades saw a 1% increase in average sale price, and a 45% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$945,838

$764,940

$1,247,333

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$595.50

$581.84

$610.14

$-

AVERAGE SOLD PRICE

$930,103

$753,165

$1,225,000

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

AVERAGE LIST PRICE

$585.59

$572.88

$599.22

TOTAL CONDOS SOLD

16

10

6

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

19

11

7

1

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.6

3.3

3.5

-

98%

98%

98%

0%

ALL

< $1M

$1M - $3M

> $3M

$966,455

$777,667

$1,193,000

$-

$614.54

$521.34

$714.46

$-

$1,048,523

$753,500

$1,402,550

$-

$666.73

$505.14

$839.95

$-

11

6

5

-

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

6

4

2

1.6

2.0

1.2

-

108%

97%

118%

0%

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-2%

-2%

5%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

-3%

12%

-15%

0%

AVERAGE SOLD PRICE

-11%

0%

-13%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

-12%

13%

-29%

0%

TOTAL CONDOS SOLD

45%

67%

20%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

217%

175%

250%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

118%

65%

192%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-9%

2%

-16%

0%

(Source: MLS/CLAW)

45


PALMS - MAR VISTA

SINGLE FAMILY HOME SALES Adjacent to Culver City and minutes from the ocean and UCLA is the community of Palms – Mar Vista. Named after its magnificent views of the ocean along its hilly border near Santa Monica, Palms – Mar Vista is one of the oldest communities in Los Angeles and one of the least dense in all of West Los Angeles. Palms – Mar Vista is full of homes built during the 1920s and 1930s as well as an abundance of wonderfully preserved mid-century modern architecture. Those seeking 1920s homes, 1930s homes and mid-century modern architecture can also enjoy the area’s Mar Vista Park, covering an entire city block with a new recreation center and roller hockey rink. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,349,197

$858,145

$1,509,916

$3,295,000

$743.67

$690.52

$756.20

$776.57

$1,352,457

$868,350

$1,514,898

$3,075,000

$749.78

$698.73

$764.35

$724.72

TOTAL SFH SOLD

70

20

49

1

TOTAL SFH FOR SALE AT END OF PERIOD

30

5

24

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.3

0.8

1.5

3.0

100%

101%

100%

93%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$1,254,106

$870,031

$1,563,500

$-

$640.86

$633.13

$644.38

$-

$1,247,717

$863,828

$1,556,962

$-

$637.59

$628.62

$641.69

$-

TOTAL SFH SOLD

65

29

36

-

TOTAL SFH FOR SALE AT END OF PERIOD

42

9

33

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.9

0.9

2.8

-

99%

99%

100%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

8%

-1%

-3%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

16%

9%

17%

0%

AVERAGE SOLD PRICE

8%

1%

-3%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

18%

11%

19%

0%

TOTAL SFH SOLD

8%

-31%

36%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

-29%

-44%

-27%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-34%

-19%

-47%

0%

1%

2%

1%

0%

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

46


PALMS - MAR VISTA

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Palms - Mar Vista there were 19 single family home sales in January 2016, which is the same as January 2015 and a 41% decrease from the 32 sales closed last month. The average list price for single family home sales in January 2016 was $1,354,526 compared to $1,127,632 for January 2015, representing a 20% increase. For the three-month period from November to January 2016, the average list price was 10% higher than the same period of the prior year. Average sales price for January 2016 was $1,384,000, compared to that of November through January 2016, which was $1,341,650. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Palms - Mar Vista saw a 4% increase in average sale price, and a 24% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$595,610

$595,610

$-

$-

$477.11

$477.11

$-

$-

$599,369

$599,369

$-

$-

$480.12

$480.12

$-

$-

TOTAL CONDOS SOLD

21

21

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

7

7

-

-

1.0

1.0

-

-

101%

101%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$521,200

$521,200

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$449.86

$449.86

$-

$-

AVERAGE SOLD PRICE

$521,500

$521,500

$-

$-

$450.12

$450.12

$-

$-

24

24

-

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

17

16

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.1

2.0

-

-

100%

100%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

14%

14%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

6%

6%

0%

0%

AVERAGE SOLD PRICE

15%

15%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

7%

7%

0%

0%

TOTAL CONDOS SOLD

-13%

-13%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-59%

-56%

-100%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-53%

-50%

0%

0%

1%

1%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

47


PLAYA DEL REY

SINGLE FAMILY HOME SALES Playa Del Rey is a bedroom community along the beach, south and adjacent to the Marina Del Rey harbor channel. Its early history dates back to a land grant in 1839 from the Mexican governor. Today Playa Del Rey real estate includes a mix of 1920’s homes, beach cottages from the 1940’s and multi-million dollar elegant new houses. Only 10 minutes from Los Angeles International Airport, Playa Del Rey also is home to Dockweiler Beach Park, a popular short term camping area for recreational vehicles. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,491,625

$-

$1,491,625

$-

$554.35

$-

$554.35

$-

$1,467,780

$-

$1,467,780

$$-

$545.49

$-

$545.49

TOTAL SFH SOLD

8

-

8

-

TOTAL SFH FOR SALE AT END OF PERIOD

7

-

6

1

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2.6

-

2.3

-

98%

0%

98%

0%

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$1,449,917

$884,000

$1,563,100

$-

$544.02

$721.34

$527.70

$-

$1,421,333

$897,500

$1,526,100

$-

$532.87

$732.35

$514.51

$-

TOTAL SFH SOLD

12

2

10

-

TOTAL SFH FOR SALE AT END OF PERIOD

8

1

5

2

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

2.0

1.5

1.5

-

98%

102%

98%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

3%

-100%

-5%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

2%

-100%

5%

0%

AVERAGE SOLD PRICE

3%

-100%

-4%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

2%

-100%

6%

0%

TOTAL SFH SOLD

-33%

-100%

-20%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

-13%

-100%

20%

-50%

AVERAGE MONTHLY SUPPLY OF INVENTORY

31%

-100%

50%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

-100%

1%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

48


PLAYA DEL REY

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Playa Del Rey there were 6 condominium sales in January 2016, up from 5 in January 2015 and a 14% decrease from the 7 sales closed last month. The average list price for condo sales in January 2016 was $510,000 compared to $618,200 for January 2015, representing an 18% decrease. For the three-month period from November to January 2016, the average list price was 15% higher than the same period of the prior year. Average sales price for January 2016 was $504,000, compared to that of November through January 2016, which was $575,604. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Playa Del Rey saw a 11% decrease in average sale price, and a 18% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$579,131

$527,373

$1,459,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$551.99

$529.27

$749.74

$-

$579,278

$528,059

$1,450,000

$-

AVERAGE SOLD PRICE

$552.13

$529.96

$745.12

$-

TOTAL CONDOS SOLD

18

17

1

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

11

8

3

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.8

1.4

9.0

-

100%

100%

99%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$483,194

$441,581

$1,149,000

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$454.48

$426.80

$755.92

$-

AVERAGE SOLD PRICE

$478,324

$436,406

$1,149,000

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$449.90

$421.80

$755.92

$-

17

16

1

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

16

16

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.8

3.0

-

-

99%

99%

100%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

20%

19%

27%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

21%

24%

-1%

0%

AVERAGE SOLD PRICE

21%

21%

26%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

23%

26%

-1%

0%

6%

6%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-31%

-50%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-35%

-53%

0%

0%

1%

1%

-1%

0%

TOTAL CONDOS SOLD

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

49


PLAYA VISTA

SINGLE FAMILY HOME SALES Playa Vista, bordered by Marina Del Rey, Loyola Marymount University and Westchester, was recognized in1998 as one of the most technologically advanced communities ever planned and has led the nation as an early model for sustainable development. With a range of properties from luxury to affordable, Playa Vista features an array of parks, recreational amenities and a wildlife preserve. Playa Vista is a fully connected community with complete broadband and telecommunications capabilities and is home to gaming giants Electronic Arts and the architectural firm of Frank Gehry. The area features a mix of luxury and affordable housing. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$2,242,000

$-

$2,242,000

$-

$743.99

$-

$743.99

$-

$2,257,500

$-

$2,257,500

$-

$749.13

$-

$749.13

$-

TOTAL SFH SOLD

2

-

2

-

TOTAL SFH FOR SALE AT END OF PERIOD

4

-

4

-

6.0

-

6.0

-

101%

0%

101%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$1,921,800

$-

$1,921,800

$-

$559.67

$-

$559.67

$-

$1,883,200

$-

$1,883,200

$-

$548.43

$-

$548.43

$-

TOTAL SFH SOLD

5

-

5

-

TOTAL SFH FOR SALE AT END OF PERIOD

3

-

3

-

1.8

-

1.8

-

98%

0%

98%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

17%

0%

17%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

33%

0%

33%

0%

AVERAGE SOLD PRICE

20%

0%

20%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

37%

0%

37%

0%

TOTAL SFH SOLD

-60%

0%

-60%

0%

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

33%

0%

33%

0%

233%

0%

233%

0%

3%

0%

3%

0% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

50


PLAYA VISTA

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Playa Vista there were 4 condominium sales in January 2016, down from 15 in January 2015 and a 33% increase from the 3 sales closed last month. The average list price for condo sales in January 2016 was $1,508,500 compared to $880,400 for January 2015, representing a 71% increase. For the three-month period from November to January 2016, the average list price was 29% higher than the same period of the prior year. Average sales price for January 2016 was $1,521,000, compared to that of November through January 2016, which was $1,113,357. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Playa Vista saw a 36% increase in average sale price, and a 76% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,113,523

$800,836

$1,634,667

$-

$698.41

$569.22

$857.27

$-

$1,120,491

$817,386

$1,625,667

$-

$702.78

$580.98

$852.55

$-

TOTAL CONDOS SOLD

16

10

6

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

4

2

2

-

0.8

0.6

1.0

-

101%

102%

99%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$858,750

$711,125

$1,567,353

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$494.59

$475.93

$540.76

$-

AVERAGE SOLD PRICE

$844,973

$699,460

$1,543,434

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$486.66

$468.13

$532.51

$-

29

24

5

-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

6

6

-

0.6

0.8

-

-

98%

98%

98%

0%

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

30%

13%

4%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

41%

20%

59%

0%

AVERAGE SOLD PRICE

33%

17%

5%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

44%

24%

60%

0%

TOTAL CONDOS SOLD

-45%

-58%

20%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-33%

-67%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

21%

-20%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2%

4%

1%

0%

(Source: MLS/CLAW)

51


SANTA MONICA

SINGLE FAMILY HOME SALES Santa Monica offers more than simply a home. There are fishing and yacht clubs and exquisite fine dining right in your own backyard. Santa Monica is located on the Westside of Los Angeles and is comprised of 8.3 square miles of vibrant commercial districts, neighboring residential communities and a terrific public school system. Centered on three miles of wide, white, sandy beaches, Santa Monica has become a popular international destination, with many attractions such as The Santa Monica pier, Third Street Promenade, Main Street, and the ultra chic Montana Avenue. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$3,412,011

$-

$2,014,600

$4,809,421

$1,114.52

$-

$945.73

$1,204.57

$3,333,887

$-

$1,963,142

$4,704,632 $1,178.33

$1,089.00

$-

$921.57

TOTAL SFH SOLD

38

-

19

19

TOTAL SFH FOR SALE AT END OF PERIOD

56

-

22

34

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

4.4

-

3.5

5.4

98%

0%

97%

98%

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$2,761,568

$-

$2,056,400

$4,272,643

$1,059.59

$-

$986.61

$1,153.13

$2,734,905

$-

$2,053,900

$4,194,200 $1,132.02

$1,048.92

$-

$984.09

TOTAL SFH SOLD

44

-

30

14

TOTAL SFH FOR SALE AT END OF PERIOD

38

-

17

21

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2.6

-

1.7

4.5

99%

0%

100%

98%

ALL

< $1M

$1M - $3M

> $3M

24%

0%

-2%

13%

5%

0%

-4%

4%

22%

0%

-4%

12%

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

4%

0%

-6%

4%

TOTAL SFH SOLD

-14%

0%

-37%

36%

TOTAL SFH FOR SALE AT END OF PERIOD

47%

0%

29%

62%

AVERAGE MONTHLY SUPPLY OF INVENTORY

71%

0%

104%

19%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-1%

0%

-2%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

52


SANTA MONICA

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Santa Monica there were 33 condominium sales in January 2016, down from 34 in January 2015 and a 3% decrease from the 34 sales closed last month. The average list price for condo sales in January 2016 was $1,105,061 almost matching $1,052,853 for January 2015. For the three-month period from November to January 2016, the average list price was 8% lower than the same period of the prior year. Average sales price for January 2016 was $1,063,588, compared to that of November through January 2016, which was $1,188,628. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Santa Monica saw a 3% increase in average sale price, and a 2% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,088,788

$724,542

$1,592,282

$3,500,000

$827.96

$679.59

$953.56

$1,803.19

$1,069,327

$719,371

$1,549,812

$3,500,000 $1,803.19

$813.86

$674.74

$928.95

TOTAL CONDOS SOLD

91

55

35

1

TOTAL CONDOS FOR SALE AT END OF PERIOD

61

22

31

8

AVERAGE SOLD PRICE PER SQUARE FOOT

2.0

1.2

2.7

24.0

98%

99%

97%

100%

ALL

< $1M

$1M - $3M

> $3M

$1,262,913

$687,710

$1,646,110

$4,678,000

$931.36

$624.16

$1,050.13

$1,857.23

$1,249,065

$695,672

$1,630,498

$4,430,000

$921.15

$631.38

$1,040.17

$1,758.77

103

57

41

5

TOTAL CONDOS FOR SALE AT END OF PERIOD

62

20

35

7

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.8

1.1

2.6

4.2

99%

101%

99%

95%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS FEB/FEB COMPARISON

ALL

< $1M

$1M - $3M

> $3M

-14%

5%

-3%

-25%

AVERAGE LIST PRICE PER SQUARE FOOT

-11%

9%

-9%

-3%

AVERAGE SOLD PRICE

-14%

3%

-5%

-21%

AVERAGE LIST PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

-12%

7%

-11%

3%

TOTAL CONDOS SOLD

-12%

-4%

-15%

-80%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-2%

10%

-11%

14%

AVERAGE MONTHLY SUPPLY OF INVENTORY

11%

14%

4%

471%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-1%

-2%

-2%

6%

(Source: MLS/CLAW)

53


SILVERLAKE - ECHO PARK

SINGLE FAMILY HOME SALES

The hilly neighborhood of Silverlake can be found east of Hollywood and northwest of Downtown Los Angeles. Silverlake is the home of its namesake reservoir and its reputable music scene. The community is both socioeconomically and ethnically diverse bringing it tremendous character. Echo Park is one of Los Angeles’ most long-established neighborhoods, finding its origin in the late 1880’s. Its rolling hills and steep bluffs enrich this prime location featuring Craftsman-style homes, Spanish-style bungalows, and modern architecture. This Eastside enclave is the home to the annual Lotus Festival, the Cuban Festival, and historic Filipinotown as well as many famous residents. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$963,984

$730,212

$1,289,848

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$561.36

$550.87

$569.81

$-

AVERAGE SOLD PRICE

$988,971

$745,559

$1,328,273

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE LIST PRICE

$576.84

$563.00

$587.99

$-

TOTAL SFH SOLD

79

46

33

-

TOTAL SFH FOR SALE AT END OF PERIOD

44

28

16

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.7

1.8

1.5

-

103%

102%

103%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

$796,389

$679,782

$1,280,754

$-

$550.37

$535.21

$587.00

$-

$826,047

$696,898

$1,362,510

$-

$570.86

$548.69

$624.48

$-

TOTAL SFH SOLD

67

54

13

-

TOTAL SFH FOR SALE AT END OF PERIOD

51

42

9

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.3

2.3

2.1

-

104%

103%

106%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

21%

7%

1%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

2%

3%

-3%

0%

20%

7%

-3%

0%

1%

3%

-6%

0%

18%

-15%

154%

0%

AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD

-14%

-33%

78%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-27%

-22%

-30%

0%

-1%

0%

-3%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

54


SILVERLAKE - ECHO PARK

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Silver Lake - Echo Park there were 20 single family home sales in January 2016, down from 21 in January 2015 and a 35% decrease from the 31 sales closed last month. The average list price for single family home sales in January 2016 was $1,044,648 compared to $796,574 for January 2015, representing a 31% increase. For the three-month period from November to January 2016, the average list price was 16% higher than the same period of the prior year. Average sales price for January 2016 was $1,057,018, compared to that of November through January 2016, which was $979,258. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Silver Lake - Echo Park saw a 11% increase in average sale price, and a 25% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$692,467

$692,467

$-

$-

$479.82

$479.82

$-

$-

$698,967

$698,967

$-

$-

$484.33

$484.33

$-

$-

TOTAL CONDOS SOLD

6

6

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

14

13

1

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

7.0

6.5

-

-

101%

101%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

$553,500

$553,500

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

$432.00

$432.00

$-

$-

AVERAGE SOLD PRICE

$545,750

$545,750

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$425.95

$425.95

$-

$-

TOTAL CONDOS SOLD

4

4

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

5

5

-

-

3.8

3.8

-

-

99%

99%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

25%

25%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

11%

11%

0%

0%

AVERAGE SOLD PRICE

28%

28%

0%

0% 0%

AVERAGE SOLD PRICE PER SQUARE FOOT

14%

14%

0%

TOTAL CONDOS SOLD

50%

50%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

180%

160%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

87%

73%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2%

2%

0%

0%

(Source: MLS/CLAW)

55


SUNSET STRIP-HOLLYWOOD HILLS SINGLE FAMILY HOME SALES The Sunset Strip is the world famous stretch of Sunset Boulevard in West Hollwood that stretches from Hollywood to Beverly Hills. The Strip, which includes Sunset Plaza, is known for its famous collection of shops and boutiques, cafes and restaurants, rock joints, and night clubs. It is easily idenifiable with its colorful collection of billboards and is located at the base of the Hollywood Hills and is just below the famed “Bird Streets” – from Blue Jay, Tanager and Thrush Ways to Nightingale, and Kinglet Drives - a favorite area of A-List celebrities from Hollywood stars to the most well known international music acts to call home. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$2,796,162

$824,024

$1,892,845

$6,675,545

$1,038.73

$718.69

$747.68

$1,497.60

$2,677,240

$792,316

$1,826,162

$6,355,455

$993.81

$688.98

$721.58

$1,424.23

TOTAL SFH SOLD

94

19

53

22

TOTAL SFH FOR SALE AT END OF PERIOD

176

9

86

81

AVERAGE MONTHLY SUPPLY OF INVENTORY

5.6

1.4

4.9

11.0

96%

96%

96%

95%

ALL

< $1M

$1M - $3M

> $3M

$2,709,873

$801,663

$1,754,808

$6,925,917

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

$1,004.63

$670.57

$666.00

$1,541.76

$2,583,662

$790,060

$1,728,525

$6,454,263

$656.02

$1,435.24

$957.46

$661.31

TOTAL SFH SOLD

103

27

52

24

TOTAL SFH FOR SALE AT END OF PERIOD

184

12

90

82

AVERAGE SOLD PRICE PER SQUARE FOOT

5.4

1.3

5.2

10.3

95%

99%

99%

93%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

3%

3%

8%

-4%

AVERAGE LIST PRICE PER SQUARE FOOT

3%

7%

12%

-3%

AVERAGE SOLD PRICE

4%

0%

6%

-2%

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

AVERAGE SOLD PRICE PER SQUARE FOOT

4%

4%

10%

-1%

TOTAL SFH SOLD

-9%

-30%

2%

-8%

TOTAL SFH FOR SALE AT END OF PERIOD

-4%

-25%

-4%

-1%

AVERAGE MONTHLY SUPPLY OF INVENTORY

5%

7%

-6%

8%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

-2%

-2%

2% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

56


CONDOMINIUM SALES

SUNSET STRIP - HOLLYWOOD HILLS

FEBRUARY MARKET OVERVIEW In Sunset Strip - Hollywood Hills West there were 26 single family home sales in January 2016, down from 35 in January 2015 and a 37% decrease from the 41 sales closed last month. The average list price for single family home sales in January 2016 was $3,910,686 compared to $3,440,714 for January 2015, representing a 14% increase. For the threemonth period from November to January 2016, the average list price was 7% lower than the same period of the prior year. Average sales price for January 2016 was $3,772,906, compared to that of November through January 2016, which was $2,537,884. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Sunset Strip - Hollywood Hills West saw a 73% increase in average sale price, and a 17% increase compared to same month of the

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$739,805

$576,795

$-

$4,000,000

$641.37

$511.55

$-

$2,392.34

$700,381

$560,400

$-

$3,500,000

$607.19

$497.01

$-

$2,093.30

TOTAL CONDOS SOLD

21

20

-

1

TOTAL CONDOS FOR SALE AT END OF PERIOD

26

22

3

1

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.7

3.3

-

3.0

95%

97%

0%

88%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$1,617,938

$585,909

$1,000,000

$4,610,500

AVERAGE LIST PRICE PER SQUARE FOOT

$1,050.18

$457.32

$633.31

$2,054.13

AVERAGE SOLD PRICE

$1,573,257

$572,465

$1,000,000

$4,468,750

$1,021.18

$446.83

$633.31

$1,990.98

16

11

1

4 -

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

21

19

2

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.9

5.2

6.0

-

97%

98%

100%

97%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-54%

-2%

-100%

-13%

AVERAGE LIST PRICE PER SQUARE FOOT

-39%

12%

-100%

16% -22%

AVERAGE SOLD PRICE

-55%

-2%

-100%

AVERAGE SOLD PRICE PER SQUARE FOOT

-41%

11%

-100%

5%

TOTAL CONDOS SOLD

31%

82%

-100%

-75%

TOTAL CONDOS FOR SALE AT END OF PERIOD

24%

16%

50%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-6%

-36%

-100%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-3%

-1%

-100%

-10%

(Source: MLS/CLAW)

57


TOPANGA

SINGLE FAMILY HOME SALES Located in the Santa Monica Mountains, Topanga, also referred to as Topanga Canyon, is bound on three sides by state park or conservancy lands and on the south by a strip of Malibu and the Pacific Ocean. Located to the east is Pacific Palisades. Topanga Canyon contains lands of Topanga State Park, which is the largest park in the Santa Monica Mountains and one of the largest open space preserves surrounded by a city in the world, as well as the Santa Monica Mountains Conservancy. It is part of the Santa Monica Mountains National Recreation Area. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,075,476

$705,583

$1,352,875

$3,295,000

$530.54

$507.71

$544.77

$546.80

$1,039,511

$683,661

$1,315,726

$3,100,000 $514.44

$512.80

$491.93

$529.81

TOTAL SFH SOLD

21

12

8

1

TOTAL SFH FOR SALE AT END OF PERIOD

39

16

18

5

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

5.6

4.0

6.8

15.0

97%

97%

97%

94%

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT

ALL

< $1M

$1M - $3M

> $3M

$1,289,593

$754,488

$1,901,143

$-

$530.80

$475.42

$560.41

$-

$1,249,587

$738,600

$1,833,571

$-

$514.33

$465.41

$540.49

$-

TOTAL SFH SOLD

15

8

7

-

TOTAL SFH FOR SALE AT END OF PERIOD

35

14

15

6

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

7.0

5.3

6.4

-

97%

98%

96%

0%

ALL

< $1M

$1M - $3M

> $3M

-17%

-6%

-29%

0%

0%

7%

-3%

0%

-17%

-7%

-28%

0%

0%

6%

-2%

0%

40%

50%

14%

0%

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD TOTAL SFH FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

11%

14%

20%

-17%

-20%

-24%

5%

0%

0%

-1%

1%

0% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

58


TOPANGA

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Topanga there were 5 single family home sales in January 2016, up from 4 in January 2015 and a 29% decrease from the 7 sales closed last month. The average list price for single family home sales in January 2016 was $1,208,600 compared to $1,016,975 for January 2015, representing a 19% increase. For the three-month period from November to January 2016, the average list price was 20% lower than the same period of the prior year. Average sales price for January 2016 was $1,174,762, compared to that of November through January 2016, which was $1,044,195. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Topanga saw a 28% increase in average sale price, and a 20% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$429,000

$429,000

$-

$-

$233.66

$233.66

$-

$-

$439,000

$439,000

$-

$-

$239.11

$239.11

$-

$-

TOTAL CONDOS SOLD

1

1

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

102%

102%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE

$-

$-

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$-

$-

$-

$-

AVERAGE SOLD PRICE

$-

$-

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$-

$-

$-

$-

TOTAL CONDOS SOLD

-

-

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

0%

0%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

0%

0%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

0%

0%

0%

0%

AVERAGE SOLD PRICE

0%

0%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

0%

0%

0%

0% 0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS FEB/FEB COMPARISON AVERAGE LIST PRICE

TOTAL CONDOS SOLD

0%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

0%

0%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

0%

0%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

0%

0%

0%

(Source: MLS/CLAW)

59


VENICE

SINGLE FAMILY HOME SALES Venice is a beachfront district on the Westside of Los Angeles, California, known for its bungalows, cottages, condos and oceanfront properties. A short walk from some of the finest and trendiest beachside restaurants and bars in Los Angeles, Venice offers surfing, kayaking, boating, biking, boogie boarding and outdoor summer concerts. The famous Venice Beach Strip and Muscle Beach are a short walk away. With its variety of bungalows, cottages, condos and oceanfront listings, Venice is an ideal retreat for family, friends or couples, for work or play, and is one of Los Angeles’s most sought-after neighborhoods. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,918,063

$922,500

$1,796,023

$3,666,750

$1,095.38

$854.96

$1,104.65

$1,088.94

AVERAGE SOLD PRICE

$1,896,223

$910,000

$1,768,695

$3,696,500

AVERAGE SOLD PRICE PER SQUARE FOOT

$1,097.78

AVERAGE LIST PRICE PER SQUARE FOOT

$1,082.36

$843.37

$1,087.08

TOTAL SFH SOLD

47

2

41

4

TOTAL SFH FOR SALE AT END OF PERIOD

52

-

39

13

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.3

-

2.9

9.8

99%

99%

98%

101%

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,810,741

$988,333

$1,701,732

$4,897,500

$975.85

$1,011.60

$939.71

$1,214.96

$1,787,280

$931,667

$1,697,300

$4,600,353

$939.25

$1,141.24

$964.10

$953.60

TOTAL SFH SOLD

39

3

34

2

TOTAL SFH FOR SALE AT END OF PERIOD

40

-

30

10

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3.1

-

2.6

15.0

99%

94%

100%

94%

ALL

< $1M

$1M - $3M

> $3M -25%

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

6%

-7%

6%

AVERAGE LIST PRICE PER SQUARE FOOT

12%

-15%

18%

-10%

AVERAGE SOLD PRICE

6%

-2%

4%

-20%

AVERAGE SOLD PRICE PER SQUARE FOOT

12%

-12%

16%

-4%

TOTAL SFH SOLD

21%

-33%

21%

100%

TOTAL SFH FOR SALE AT END OF PERIOD

30%

0%

30%

30%

AVERAGE MONTHLY SUPPLY OF INVENTORY

8%

0%

8%

-35%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

0%

5%

-1%

7% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

60


VENICE

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Venice there were 13 single family home sales in January 2016, up from 11 in January 2015 and a 32% decrease from the 19 sales closed last month. The average list price for single family home sales in January 2016 was $2,125,846 compared to $1,579,455 for January 2015, representing a 35% increase. For the three-month period from November to January 2016, the average list price was 7% higher than the same period of the prior year. Average sales price for January 2016 was $2,076,068, compared to that of November through January 2016, which was $1,969,738. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Venice saw a 15% increase in average sale price, and a 36% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,768,400

$-

$1,768,400

$-

$976.15

$-

$976.15

$-

$1,741,000

$-

$1,741,000

$$-

$961.03

$-

$961.03

TOTAL CONDOS SOLD

5

-

5

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

13

1

11

1

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

7.8

-

6.6

-

98%

0%

98%

0%

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD

ALL

< $1M

$1M - $3M

> $3M

$1,281,896

$666,875

$1,404,900

$-

$739.11

$550.23

$769.40

$-

$1,248,708

$664,250

$1,365,600

$-

$729.17

$548.06

$758.22

$-

12

2

10

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

14

2

12

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.5

3.0

3.6

-

97%

100%

97%

0%

ALL

< $1M

$1M - $3M

> $3M

38%

-100%

26%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS FEB/FEB COMPARISON AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

32%

-100%

27%

0%

AVERAGE SOLD PRICE

39%

-100%

27%

0% 0%

AVERAGE SOLD PRICE PER SQUARE FOOT

32%

-100%

27%

TOTAL CONDOS SOLD

-58%

-100%

-50%

0%

-7%

-50%

-8%

0%

123%

-100%

83%

0%

1%

-100%

1%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

61


WEST HOLLYWOOD

SINGLE FAMILY HOME SALES West Hollywood is a thriving, diverse community on the leading edge of culture, entertainment, and design - and is home to the internationally reknown Pacific Design Center. Minutes away is the Hollywood Bowl, The Greek Theatre, and The Getty Center. The uniquely compact city boasts the Sunset Strip, Santa Monica Boulevard, Robertson, and Melrose; truly Los Angeles’ Mecca for fashion, fine dining, unparalleled nightlife, and the worldrenowned entertainment industry. Incorporated in 1984, West Hollywood has been instrumental since its start in achieving cultural, environmental, and political breakthroughs. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,670,878

$791,700

$1,829,096

$3,395,000

AVERAGE LIST PRICE PER SQUARE FOOT

$1,038.92

$837.56

$1,102.61

$705.53

AVERAGE SOLD PRICE

$1,651,941

$783,480

$1,806,804

$3,395,000

AVERAGE SOLD PRICE PER SQUARE FOOT

$705.53

$1,025.08

$829.95

$1,086.40

TOTAL SFH SOLD

36

7

28

1

TOTAL SFH FOR SALE AT END OF PERIOD

24

2

18

4

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2.0

0.9

1.9

12.0

99%

99%

99%

100%

ALL

< $1M

$1M - $3M

> $3M

$1,725,461

$782,483

$1,888,994

$3,295,000

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

$837.15

$744.51

$849.01

$-

$1,692,668

$788,167

$1,849,455

$3,200,000 $-

$822.68

$749.92

$831.99

TOTAL SFH SOLD

32

6

25

1

TOTAL SFH FOR SALE AT END OF PERIOD

25

2

21

2

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

2.3

1.0

2.5

6.0

98%

101%

98%

97%

ALL

< $1M

$1M - $3M

> $3M

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

-3%

1%

-3%

3%

AVERAGE LIST PRICE PER SQUARE FOOT

24%

12%

30%

0%

AVERAGE SOLD PRICE

-2%

-1%

-2%

6%

AVERAGE SOLD PRICE PER SQUARE FOOT

25%

11%

31%

0%

TOTAL SFH SOLD

13%

17%

12%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

-4%

0%

-14%

100%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-15%

-14%

-23%

100%

1%

-2%

1%

3%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

62


WEST HOLLYWOOD

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In West Hollywood Vicinity there were 25 condominium sales in January 2016, up from 19 in January 2015 and a 4% increase from the 24 sales closed last month. The average list price for condo sales in January 2016 was $733,284 compared to $658,811 for January 2015, representing an 11% increase. For the three-month period from November to January 2016, the average list price was 25% higher than the same period of the prior year. Average sales price for January 2016 was $713,620, compared to that of November through January 2016, which was $821,216. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, West Hollywood Vicinity saw a 18% decrease in average sale price, but a 11% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE

ALL

< $1M

$1M - $3M

> $3M

$839,762

$655,555

$1,323,377

$4,500,000

AVERAGE LIST PRICE PER SQUARE FOOT

$693.07

$605.57

$793.17

$2,003.56

AVERAGE SOLD PRICE

$810,735

$646,137

$1,287,581

$3,500,000

$669.11

$596.87

$771.72

$1,558.33

TOTAL CONDOS SOLD

68

54

13

1

TOTAL CONDOS FOR SALE AT END OF PERIOD

71

51

20

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.1

2.8

4.6

-

97%

99%

97%

78%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$708,123

$644,973

$1,284,375

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$573.82

$550.74

$710.19

$-

$691,960

$631,764

$1,241,250

$-

$560.72

$539.46

$686.34

$-

81

73

8

2

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

74

59

13

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.7

2.4

4.9

-

98%

98%

97%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

19%

2%

3%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

21%

10%

12%

0%

AVERAGE SOLD PRICE

17%

2%

4%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

19%

11%

12%

0%

TOTAL CONDOS SOLD

-16%

-26%

63%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-4%

-14%

54%

-100%

AVERAGE MONTHLY SUPPLY OF INVENTORY

14%

17%

-5%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-1%

1%

1%

0%

(Source: MLS/CLAW)

63


WEST LOS ANGELES

SINGLE FAMILY HOME SALES Surrounded by Santa Monica, Beverly Hills, the ocean and the Santa Monica Mountains is the city of West Los Angeles, known for its 1920s, mid-century and contemporary architecture. With its rolling hills and proximity to the ocean, West Los Angeles was originally developed as an upscale community and is still considered one of the most desirable areas to live in Los Angeles today. With its central location between Los Angeles and the ocean, West Los Angeles has attracted a diverse range of commercial development to add to its 1920s through mid-century and contemporary architecture. The area is home to some of the world’s finest shopping. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,034,057

$733,167

$1,193,352

$-

$663.82

$704.44

$651.60

$-

$1,056,939

$756,956

$1,215,753

$-

$678.51

$727.30

$663.83

$-

TOTAL SFH SOLD

26

9

17

-

TOTAL SFH FOR SALE AT END OF PERIOD

21

8

13

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.4

2.7

2.3

-

102%

103%

102%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$900,857

$770,438

$1,318,200

$-

$618.09

$591.11

$675.79

$-

AVERAGE SOLD PRICE

$907,286

$788,938

$1,286,000

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$622.50

$605.30

$659.28

$-

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

TOTAL SFH SOLD

21

16

5

-

TOTAL SFH FOR SALE AT END OF PERIOD

15

10

5

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.1

1.9

3.0

-

101%

102%

98%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

15%

-5%

-9%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

7%

19%

-4%

0%

AVERAGE SOLD PRICE

16%

-4%

-5%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

9%

20%

1%

0%

TOTAL SFH SOLD

24%

-44%

240%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

40%

-20%

160%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

13%

42%

-24%

0%

1%

1%

4%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

64


WEST LOS ANGELES

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In West Los Angeles there were 19 condominium sales in January 2016, up from 15 in January 2015 and a 10% decrease from the 21 sales closed last month. The average list price for condo sales in January 2016 was $651,872 almost matching $630,200 for January 2015. For the three-month period from November to January 2016, the average list price was 7% higher than the same period of the prior year. Average sales price for January 2016 was $651,316, compared to that of November through January 2016, which was $680,841. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, West Los Angeles saw a 9% decrease in average sale price, but a 4% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

DEC - FEB 2016

$715,843

$680,212

$1,134,500

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$505.54

$509.01

$482.71

$-

AVERAGE SOLD PRICE

$714,137

$683,532

$1,073,750

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$504.44

$511.67

$456.87

$-

TOTAL CONDOS SOLD

51

47

4

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

13

12

1

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

0.8

0.8

0.8

-

100%

100%

95%

0%

ALL

< $1M

$1M - $3M

> $3M

$634,092

$634,092

$-

$-

$487.23

$487.23

$-

$-

$632,708

$632,708

$-

$-

$486.16

$486.16

$-

$-

53

53

-

-

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD

23

21

2

AVERAGE MONTHLY SUPPLY OF INVENTORY

1.3

1.2

-

-

100%

100%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

13%

7%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

4%

4%

0%

0%

AVERAGE SOLD PRICE

13%

8%

0%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

4%

5%

0%

0%

-4%

-11%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-43%

-43%

-50%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-41%

-36%

0%

0%

0%

1%

0%

0%

TOTAL CONDOS SOLD

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

65


WESTCHESTER

SINGLE FAMILY HOME SALES Westchester is a neighborhood in the city of Los Angeles known for its secluded character and recent real estate growth. The main part of Westchester is flanked by Playa Vista and Culver City on the north, Inglewood and Lennox on the east, Del Aire and El Segundo on the south and Playa del Rey on the west. It includes all of the Los Angeles International Airport and is the home of Loyola Marymount University, the Otis College of Art and Design, and Westchester Enriched Sciences Magnet Schools. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$1,110,006

$826,272

$1,335,324

$-

$560.95

$566.37

$558.33

$-

$1,108,721

$826,927

$1,332,499

$-

$560.30

$566.82

$557.15

$-

61

27

34

-

TOTAL SFH FOR SALE AT END OF PERIOD

-

-

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

-

-

-

-

100%

100%

100%

0%

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015

ALL

< $1M

$1M - $3M

> $3M

$975,429

$801,000

$1,411,500

$-

$518.37

$517.97

$518.92

$-

AVERAGE SOLD PRICE

$979,927

$805,335

$1,416,406

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

$520.89

$521.01

$520.73

$-

TOTAL SFH SOLD

56

40

16

-

TOTAL SFH FOR SALE AT END OF PERIOD

16

7

9

-

AVERAGE MONTHLY SUPPLY OF INVENTORY

0.9

0.5

1.7

-

100%

101%

100%

0%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON AVERAGE LIST PRICE

14%

3%

-5%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

8%

9%

8%

0%

AVERAGE SOLD PRICE

13%

3%

-6%

0%

AVERAGE SOLD PRICE PER SQUARE FOOT

8%

9%

7%

0%

TOTAL SFH SOLD

9%

-33%

113%

0%

TOTAL SFH FOR SALE AT END OF PERIOD

-100%

-100%

-100%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-100%

-100%

-100%

0%

-1%

0%

-1%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

66


WESTCHESTER

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Westchester there were 15 single family home sales in January 2016, which is the same as January 2015 and a 40% decrease from the 25 sales closed last month. The average list price for single family home sales in January 2016 was $1,198,200 almost matching $1,141,200 for January 2015. For the three-month period from November to January 2016, the average list price was 16% higher than the same period of the prior year. Average sales price for January 2016 was $1,199,372, compared to that of November through January 2016, which was $1,126,087. These results indicate that the sale price is trending up. Comparing January 2016 to December 2015, Westchester saw a 8% increase in average sale price, and a 6% increase compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016

ALL

< $1M

$1M - $3M

> $3M

$559,222

$559,222

$-

$-

AVERAGE LIST PRICE PER SQUARE FOOT

$450.10

$450.10

$-

$-

AVERAGE SOLD PRICE

$562,111

$562,111

$-

$-

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE LIST PRICE

$452.42

$452.42

$-

$-

TOTAL CONDOS SOLD

9

9

-

-

TOTAL CONDOS FOR SALE AT END OF PERIOD

4

4

-

-

1.3

1.3

-

-

101%

101%

0%

0%

ALL

< $1M

$1M - $3M

> $3M

$597,400

$597,400

$-

$-

$372.49

$372.49

$-

$-

$595,600

$595,600

$-

$-

$371.37

$371.37

$-

$-

5

5

-

-

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

3

3

-

1.8

1.8

-

-

100%

100%

0%

0%

CONDOS ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

-6%

-6%

0%

0%

AVERAGE LIST PRICE PER SQUARE FOOT

21%

21%

0%

0%

AVERAGE SOLD PRICE

-6%

-6%

0%

0% 0%

AVERAGE SOLD PRICE PER SQUARE FOOT

22%

22%

0%

TOTAL CONDOS SOLD

80%

80%

0%

0%

TOTAL CONDOS FOR SALE AT END OF PERIOD

33%

33%

0%

0%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-26%

-26%

0%

0%

1%

1%

0%

0%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

67


WESTWOOD - CENTURY CITY

SINGLE FAMILY HOME SALES

Westwood is a neighborhood in the northern central portion of the Westside of Los Angeles, California, known for its condos, townhomes, California bungalows and single-family homes. Westwood is the home of the University of California, Los Angeles (UCLA), and is also a center for movie-going on the Westside and the site of many movie premieres. Century City is a 176acre commercial and residential district on the Westside of the city of Los Angeles. Century City is also an important business center. Many law firms and executives, particularly those with ties to the film, television and music industries, have offices there. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$2,174,778

$-

$1,763,767

$4,229,833

$841.41

$-

$798.94

$946.27

$2,118,580

$-

$1,735,049

$4,036,233

$819.66

$-

$785.93

$902.96

TOTAL SFH SOLD

36

-

30

6

TOTAL SFH FOR SALE AT END OF PERIOD

38

1

29

8

AVERAGE MONTHLY SUPPLY OF INVENTORY

3.2

-

2.9

4.0

97%

0%

98%

95%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH DEC - FEB 2015 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,995,093

$-

$1,715,100

$5,495,000

$794.07

$-

$746.42

$1,057.44

$1,994,454

$-

$1,725,211

$5,360,000

$793.82

$-

$750.82

$1,031.46

TOTAL SFH SOLD

27

-

25

2

TOTAL SFH FOR SALE AT END OF PERIOD

21

-

14

7

AVERAGE MONTHLY SUPPLY OF INVENTORY

2.3

-

1.7

10.5

100%

0%

101%

98%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

9%

0%

3%

-23%

AVERAGE LIST PRICE PER SQUARE FOOT

6%

0%

7%

-11%

AVERAGE SOLD PRICE

6%

0%

1%

-25%

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

SFH FEB/FEB COMPARISON

3%

0%

5%

-12%

33%

0%

20%

200%

TOTAL SFH FOR SALE AT END OF PERIOD

81%

0%

107%

14%

AVERAGE MONTHLY SUPPLY OF INVENTORY

36%

0%

73%

-62%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

-3%

0%

-2%

-2%

AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL SFH SOLD

(Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | TOPANGA sothebyshomes.com/losangeles

68


WESTWOOD - CENTURY CITY

CONDOMINIUM SALES FEBRUARY MARKET OVERVIEW

In Westwood - Century City there were 35 condominium sales in January 2016, down from 41 in January 2015 and a 17% decrease from the 42 sales closed last month. The average list price for condo sales in January 2016 was $1,001,467 compared to $1,075,826 for January 2015, representing a 7% decrease. For the three-month period from November to January 2016, the average list price was 4% higher than the same period of the prior year. Average sales price for January 2016 was $979,711, compared to that of November through January 2016, which was $1,091,772. These results indicate that the sale price is trending down. Comparing January 2016 to December 2015, Westwood - Century City saw a 26% decrease in average sale price, and a 4% decrease compared to same month of the prior year.

CONDOMINIUMS (CONDOS) DEC - FEB 2016 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE

ALL

< $1M

$1M - $3M

> $3M

$1,335,713

$703,154

$1,526,178

$5,684,222

$732.58

$520.21

$672.30

$1,369.29

$1,280,425

$691,550

$1,420,796

$5,439,446 $1,310.32

$702.26

$511.63

$625.88

TOTAL CONDOS SOLD

106

70

27

9

TOTAL CONDOS FOR SALE AT END OF PERIOD

152

67

64

21

AVERAGE SOLD PRICE PER SQUARE FOOT

4.3

2.9

7.1

7.0

96%

98%

93%

96%

ALL

< $1M

$1M - $3M

> $3M

AVERAGE LIST PRICE

$1,111,721

$697,668

$1,671,331

$5,833,750

AVERAGE LIST PRICE PER SQUARE FOOT

$648.05

$480.39

$675.05

$2,160.85

$1,054,975

$684,331

$1,579,857

$5,156,250

AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS DEC - FEB 2015

AVERAGE SOLD PRICE

$615.23

$471.87

$638.11

$1,909.90

TOTAL CONDOS SOLD

99

74

21

4

TOTAL CONDOS FOR SALE AT END OF PERIOD

156

68

63

25

AVERAGE MONTHLY SUPPLY OF INVENTORY

4.7

2.8

9.0

18.8

95%

98%

95%

88%

> $3M

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO

CONDOS ALL

< $1M

$1M - $3M

AVERAGE LIST PRICE

FEB/FEB COMPARISON

20%

1%

-9%

-3%

AVERAGE LIST PRICE PER SQUARE FOOT

13%

8%

0%

-37%

AVERAGE SOLD PRICE

21%

1%

-10%

5%

AVERAGE SOLD PRICE PER SQUARE FOOT

14%

8%

-2%

-31% 125%

TOTAL CONDOS SOLD

7%

-5%

29%

TOTAL CONDOS FOR SALE AT END OF PERIOD

-3%

-1%

2%

-16%

AVERAGE MONTHLY SUPPLY OF INVENTORY

-9%

4%

-21%

-63%

1%

0%

-2%

8%

AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)

69


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.